Citrix Systems Inc. (CTXS) Downgraded by Vetr Inc. to Hold
Vetr lowered shares of Citrix Systems Inc. (NASDAQ:CTXS) from a buy rating to a hold rating in a report released on Tuesday. They currently have $87.24 price objective on the cloud computing company’s stock.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Citrix Systems from a sell rating to a buy rating and set a $100.00 price target on the stock in a research report on Friday, July 29th. Jefferies Group cut Citrix Systems from a hold rating to an underperform rating and lowered their target price for the stock from $80.00 to $71.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Mizuho increased their target price on Citrix Systems from $80.00 to $90.00 and gave the stock a neutral rating in a research note on Thursday, July 21st. MKM Partners reissued a buy rating and set a $98.00 target price on shares of Citrix Systems in a research note on Tuesday, July 12th. Finally, Barclays PLC increased their target price on Citrix Systems from $90.00 to $92.00 and gave the stock an overweight rating in a research note on Wednesday, July 27th. Two 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. The company presently has a consensus rating of Hold and a consensus price target of $87.30.
Shares of Citrix Systems (NASDAQ:CTXS) opened at 85.32 on Tuesday. 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 $13.29 billion, a PE ratio of 34.38 and a beta of 1.94. The stock has a 50 day moving average of $84.78 and a 200-day moving average of $84.11.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The business had revenue of $843 million for the quarter, compared to the consensus estimate of $816.56 million. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. Citrix Systems’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. Equities analysts anticipate that Citrix Systems will post $5.06 earnings per share for the current fiscal year.
In other Citrix Systems news, VP Jessica Soisson sold 6,140 shares of Citrix Systems stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $89.01, for a total value of $546,521.40. Following the transaction, the vice president now owns 18,790 shares in the company, valued at $1,672,497.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,228,164.28. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Citrix Systems by 2.2% in the second quarter. Vanguard Group Inc. now owns 13,720,584 shares of the cloud computing company’s stock valued at $1,098,882,000 after buying an additional 291,368 shares during the period. FMR LLC boosted 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 valued at $380,807,000 after buying an additional 1,878,884 shares during the period. Bank of Montreal Can purchased a new stake in Citrix Systems during the second quarter valued at $213,278,000. AJO LP boosted its stake 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 during the period. Finally, Nordea Investment Management AB boosted its stake in Citrix Systems by 12.3% in the second quarter. Nordea Investment Management AB now owns 1,915,589 shares of the cloud computing company’s stock valued at $153,420,000 after buying an additional 209,368 shares during the period. Institutional investors own 96.92% of the company’s stock.
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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