Citrix Systems Inc. (NASDAQ:CTXS) updated its FY16 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.18-$5.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.06. The company issued revenue guidance of $3.40-$3.41 billion.

Several analysts recently weighed in on the company. BTIG Research restated a neutral rating on shares of Citrix Systems in a report on Wednesday, July 27th. Deutsche Bank AG lifted their price objective on Citrix Systems from $80.00 to $85.00 and gave the company a hold rating in a report on Wednesday, July 27th. Morgan Stanley lifted their price objective on Citrix Systems from $70.00 to $77.00 and gave the company an underweight rating in a report on Wednesday, July 27th. Stifel Nicolaus lowered Citrix Systems from a buy rating to a hold rating in a research note on Wednesday, July 27th. They noted that the move was a valuation call. Finally, Barclays PLC lifted their target price on Citrix Systems from $90.00 to $92.00 and gave the company an overweight rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $87.30.

Earnings History and Estimates for Citrix Systems (NASDAQ:CTXS)

Shares of Citrix Systems Inc. (NASDAQ:CTXS) traded up 1.15% during mid-day trading on Wednesday, reaching $86.30. The company’s stock had a trading volume of 2,461,448 shares. The company’s 50-day moving average is $84.78 and its 200 day moving average is $84.11. Citrix Systems Inc. has a 1-year low of $60.91 and a 1-year high of $90.00. The firm has a market capitalization of $13.44 billion, a P/E ratio of 34.77 and a beta of 1.94.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, October 19th. The cloud computing company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.13. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The company had revenue of $841.30 million for the quarter, compared to the consensus estimate of $827.21 million. During the same period last year, the business posted $1.04 EPS. The company’s revenue was up 3.4% on a year-over-year basis. On average, analysts expect that Citrix Systems Inc. will post $5.06 earnings per share for the current year.

In related news, SVP Carlos Sartorius sold 13,290 shares of Citrix Systems stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $84.51, for a total value of $1,123,137.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP William Burley sold 365 shares of Citrix Systems stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $84.81, for a total value of $30,955.65. Following the completion of the sale, the vice president now owns 52,695 shares in the company, valued at $4,469,062.95. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. FMR LLC increased 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 period. BlackRock Group LTD increased its stake in Citrix Systems by 3.5% in the second quarter. BlackRock Group LTD now owns 1,323,351 shares of the cloud computing company’s stock worth $105,987,000 after buying an additional 44,251 shares during the period. BlackRock Inc. increased its stake in 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 during the period. United Services Automobile Association increased its stake in 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 during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Citrix Systems by 5.6% in the second quarter. Parametric Portfolio Associates LLC now owns 412,068 shares of the cloud computing company’s stock worth $33,003,000 after buying an additional 22,031 shares during the period. Hedge funds and other 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.

5 Day Chart for NASDAQ:CTXS

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