Citrix Systems Inc. (CTXS) Given “Neutral” Rating at Mizuho
Other analysts have also recently issued reports about the company. MKM Partners reaffirmed a buy rating and set a $98.00 price objective on shares of Citrix Systems in a report on Tuesday, July 12th. Zacks Investment Research raised Citrix Systems from a hold rating to a buy rating and set a $95.00 price objective on the stock in a report on Tuesday, June 21st. Citigroup Inc. upped their price objective on Citrix Systems from $93.00 to $104.00 and gave the stock a buy rating in a report on Wednesday, July 27th. Vetr raised Citrix Systems from a hold rating to a buy rating and set a $87.24 price objective on the stock in a report on Tuesday, October 11th. Finally, Deutsche Bank AG upped their price objective on Citrix Systems from $80.00 to $85.00 and gave the stock a hold rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Citrix Systems currently has a consensus rating of Hold and an average target price of $87.30.
Shares of Citrix Systems (NASDAQ:CTXS) traded up 1.88% during mid-day trading on Monday, reaching $84.73. The company had a trading volume of 73,937 shares. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 34.14 and a beta of 1.94. The firm has a 50-day moving average price of $84.87 and a 200-day moving average price of $84.07. Citrix Systems has a 1-year low of $60.91 and a 1-year high of $90.00.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.06. The business had revenue of $843 million for the quarter, compared to analysts’ expectations of $816.56 million. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. Equities analysts expect that Citrix Systems will post $5.06 earnings per share for the current year.
In other news, VP Jessica Soisson sold 6,140 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $89.01, for a total transaction of $546,521.40. Following the completion of the transaction, the vice president now directly owns 18,790 shares of the company’s stock, valued at approximately $1,672,497.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Carlos Sartorius sold 13,290 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $84.51, for a total value of $1,123,137.90. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in Citrix Systems during the second quarter valued at about $213,278,000. FMR LLC boosted its position in Citrix Systems by 65.3% in the second quarter. FMR LLC now owns 4,754,745 shares of the cloud computing company’s stock valued at $380,807,000 after buying an additional 1,878,884 shares in the last quarter. ING Groep NV boosted its position in Citrix Systems by 8,880.2% in the second quarter. ING Groep NV now owns 725,958 shares of the cloud computing company’s stock valued at $58,135,000 after buying an additional 717,874 shares in the last quarter. AJO LP boosted its position in Citrix Systems by 43.5% in the second quarter. AJO LP now owns 2,290,912 shares of the cloud computing company’s stock valued at $183,479,000 after buying an additional 694,454 shares in the last quarter. Finally, Numeric Investors LLC boosted its position in Citrix Systems by 54.7% in the second quarter. Numeric Investors LLC now owns 1,809,101 shares of the cloud computing company’s stock valued at $144,891,000 after buying an additional 639,700 shares in the last quarter. 96.92% of the stock is owned by institutional investors and hedge funds.
About Citrix Systems
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.
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