Vetr upgraded shares of Citrix Systems Inc. (NASDAQ:CTXS) from a hold rating to a buy rating in a research report report published on Tuesday morning. They currently have $87.24 target price on the cloud computing company’s stock.

A number of other brokerages have also commented on CTXS. Zacks Investment Research upgraded shares of Citrix Systems from a sell rating to a buy rating and set a $100.00 price target for the company in a research note on Friday, July 29th. MKM Partners reiterated a buy rating and issued a $98.00 price target on shares of Citrix Systems in a research note on Tuesday, July 12th. Citigroup Inc. lifted their price target on shares of Citrix Systems from $93.00 to $104.00 and gave the stock a buy rating in a research note on Wednesday, July 27th. Morgan Stanley lifted their price target on shares of Citrix Systems from $70.00 to $77.00 and gave the stock an underweight rating in a research note on Wednesday, July 27th. Finally, Mizuho lifted their price target on shares of Citrix Systems from $80.00 to $90.00 and gave the stock a neutral rating in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $87.30.

Shares of Citrix Systems (NASDAQ:CTXS) opened at 83.07 on Tuesday. The company has a market cap of $12.94 billion, a PE ratio of 33.47 and a beta of 1.94. Citrix Systems has a 1-year low of $60.91 and a 1-year high of $90.00. The firm’s 50 day moving average is $85.42 and its 200-day moving average is $83.91.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The firm earned $843 million during the quarter, compared to analyst estimates of $816.56 million. During the same period in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts expect that Citrix Systems will post $5.06 earnings per share for the current year.

In other Citrix Systems news, VP Jessica Soisson sold 6,140 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $89.01, for a total transaction of $546,521.40. Following the transaction, the vice president now directly owns 18,790 shares in the company, valued at approximately $1,672,497.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Carlos Sartorius sold 13,290 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $84.51, for a total transaction of $1,123,137.90. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its position in shares of Citrix Systems by 3.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,304 shares of the cloud computing company’s stock valued at $104,000 after buying an additional 49 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Citrix Systems by 82.7% in the second quarter. Global X Management Co. LLC now owns 1,745 shares of the cloud computing company’s stock valued at $140,000 after buying an additional 790 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Citrix Systems by 3.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,349 shares of the cloud computing company’s stock valued at $188,000 after buying an additional 75 shares during the last quarter. Synovus Financial Corp boosted its position in shares of Citrix Systems by 0.5% in the second quarter. Synovus Financial Corp now owns 2,512 shares of the cloud computing company’s stock valued at $204,000 after buying an additional 12 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Citrix Systems by 17.3% in the second quarter. Creative Planning now owns 2,777 shares of the cloud computing company’s stock valued at $222,000 after buying an additional 410 shares during the last quarter. Institutional investors own 96.68% of the company’s stock.

Citrix Systems Company Profile

Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

5 Day Chart for NASDAQ:CTXS

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