Citrix Systems Inc. (NASDAQ:CTXS) posted its earnings results on Wednesday. The cloud computing company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.19 by $0.13. The firm had revenue of $841.30 million for the quarter, compared to analyst estimates of $827.21 million. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. Citrix Systems’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Citrix Systems updated its FY16 guidance to $5.18-$5.20 EPS.

Citrix Systems (NASDAQ:CTXS) traded up 1.15% on Wednesday, reaching $86.30. The company had a trading volume of 2,508,745 shares. The stock’s 50-day moving average price is $84.78 and its 200 day moving average price is $84.11. Citrix Systems has a 52-week low of $60.91 and a 52-week high of $90.00. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 34.77 and a beta of 1.94.

Earnings History for Citrix Systems (NASDAQ:CTXS)

In related news, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $86.03, for a total value of $86,030.00. Following the sale, the director now owns 14,276 shares of the company’s stock, valued at approximately $1,228,164.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Klaus Oestermann sold 7,242 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $85.90, for a total value of $622,087.80. Following the completion of the sale, the senior vice president now directly owns 39,714 shares in the company, valued at approximately $3,411,432.60. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its stake 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 worth $380,807,000 after buying an additional 1,878,884 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Citrix Systems by 785.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 192,060 shares of the cloud computing company’s stock worth $15,382,000 after buying an additional 170,360 shares in the last quarter. United Services Automobile Association raised its position in shares of Citrix Systems by 62.8% in the second quarter. United Services Automobile Association now owns 416,236 shares of the cloud computing company’s stock worth $33,336,000 after buying an additional 160,516 shares in the last quarter. BlackRock Inc. raised its position in shares of Citrix Systems by 42.2% in the second quarter. BlackRock Inc. now owns 468,428 shares of the cloud computing company’s stock worth $37,516,000 after buying an additional 139,049 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Citrix Systems by 165.2% in the second quarter. American Century Companies Inc. now owns 154,116 shares of the cloud computing company’s stock worth $12,343,000 after buying an additional 96,012 shares in the last quarter. 96.92% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the company. Jefferies Group lowered Citrix Systems from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $80.00 to $71.00 in a report on Monday, August 1st. They noted that the move was a valuation call. Stifel Nicolaus lowered Citrix Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. They noted that the move was a valuation call. Zacks Investment Research lowered Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Deutsche Bank AG raised their target price on Citrix Systems from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Finally, Mizuho reaffirmed a “neutral” rating and set a $90.00 target price on shares of Citrix Systems in a report on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. Citrix Systems currently has a consensus rating of “Hold” and an average target price of $87.30.

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.

5 Day Chart for NASDAQ:CTXS

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