Klaus Oestermann Sells 3,188 Shares of Citrix Systems Inc. (CTXS) Stock
Citrix Systems Inc. (NASDAQ:CTXS) SVP Klaus Oestermann sold 3,188 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $83.46, for a total transaction of $266,070.48. Following the completion of the sale, the senior vice president now directly owns 31,308 shares of the company’s stock, valued at $2,612,965.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Citrix Systems Inc. (NASDAQ:CTXS) opened at 85.55 on Monday. Citrix Systems Inc. has a 1-year low of $60.91 and a 1-year high of $90.00. The stock has a market cap of $13.34 billion, a P/E ratio of 28.60 and a beta of 1.66. The firm’s 50-day moving average is $84.72 and its 200-day moving average is $84.67.
Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, October 19th. The cloud computing company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. Citrix Systems had a net margin of 13.69% and a return on equity of 32.90%. The business earned $841.30 million during the quarter, compared to analyst estimates of $827.21 million. During the same period in the prior year, the business earned $1.04 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts forecast that Citrix Systems Inc. will post $5.20 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new stake in Citrix Systems during the second quarter valued at approximately $29,660,000. New York State Teachers Retirement System raised its stake in 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 in the last quarter. Natixis raised its stake in 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 in the last quarter. Affinity Investment Advisors LLC acquired a new stake in Citrix Systems during the second quarter valued at approximately $16,374,000. Finally, Panagora Asset Management Inc. raised its stake in 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 in the last quarter. 97.30% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on CTXS shares. Zacks Investment Research raised shares of Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 target price for the company in a report on Friday, July 29th. Citigroup Inc. upped their target price on shares of Citrix Systems from $93.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Vetr raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $87.24 target price for the company in a report on Tuesday, October 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $96.00 target price on shares of Citrix Systems in a report on Thursday, October 20th. Finally, Deutsche Bank AG upped their target price on shares of Citrix Systems from $80.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus 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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