David J. Henshall Sells 25,000 Shares of Citrix Systems Inc. (CTXS) Stock
Citrix Systems Inc. (NASDAQ:CTXS) CFO David J. Henshall sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $85.05, for a total transaction of $2,126,250.00. Following the sale, the chief financial officer now owns 216,781 shares in the company, valued at approximately $18,437,224.05. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Citrix Systems Inc. (NASDAQ:CTXS) opened at 85.55 on Monday. The firm has a 50-day moving average price of $84.72 and a 200 day moving average price of $84.67. Citrix Systems Inc. has a 1-year low of $60.91 and a 1-year high of $90.00. The company has a market capitalization of $13.34 billion, a P/E ratio of 28.60 and a beta of 1.66.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 19th. The cloud computing company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. Citrix Systems had a return on equity of 32.90% and a net margin of 13.69%. The firm earned $841.30 million during the quarter, compared to analysts’ expectations of $827.21 million. During the same period last year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Citrix Systems Inc. will post $5.20 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new position in shares of Citrix Systems during the second quarter valued at about $29,660,000. New York State Teachers Retirement System boosted its position in shares of Citrix Systems by 0.4% in the second quarter. New York State Teachers Retirement System now owns 295,334 shares of the cloud computing company’s stock valued at $23,653,000 after buying an additional 1,206 shares during the last quarter. Natixis boosted its position in shares of Citrix Systems by 90.5% in the first quarter. Natixis now owns 744,736 shares of the cloud computing company’s stock valued at $58,521,000 after buying an additional 353,700 shares during the last quarter. Affinity Investment Advisors LLC purchased a new position in shares of Citrix Systems during the second quarter valued at about $16,374,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Citrix Systems by 95.2% in the first quarter. Panagora Asset Management Inc. now owns 852,783 shares of the cloud computing company’s stock valued at $67,012,000 after buying an additional 415,902 shares during the last quarter. Hedge funds and other institutional investors own 97.30% of the company’s stock.
A number of brokerages have recently commented on CTXS. Zacks Investment Research cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday. Raymond James Financial Inc. restated a “market perform” rating on shares of Citrix Systems in a report on Sunday, October 23rd. Robert W. Baird restated an “outperform” rating and set a $100.00 target price (up previously from $95.00) on shares of Citrix Systems in a report on Saturday, October 22nd. William Blair restated a “market perform” rating on shares of Citrix Systems in a report on Thursday, October 20th. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Citrix Systems in a report on Thursday, October 20th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.27.
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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