David J. Henshall Sells 300 Shares of Citrix Systems Inc. (CTXS) Stock
Citrix Systems Inc. (NASDAQ:CTXS) CFO David J. Henshall sold 300 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $87.50, for a total transaction of $26,250.00. Following the transaction, the chief financial officer now directly owns 206,481 shares in the company, valued at approximately $18,067,087.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Citrix Systems Inc. (NASDAQ:CTXS) opened at 86.05 on Wednesday. Citrix Systems Inc. has a one year low of $60.91 and a one year high of $90.00. The company has a 50-day moving average of $84.72 and a 200 day moving average of $84.73. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 28.77 and a beta of 1.66.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, October 19th. The cloud computing company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business earned $841.30 million during the quarter, compared to analysts’ expectations of $827.21 million. Citrix Systems had a return on equity of 32.90% and a net margin of 13.69%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. On average, equities analysts forecast that Citrix Systems Inc. will post $5.20 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on 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 report on Friday, July 29th. Jefferies Group cut shares of Citrix Systems from a “hold” rating to an “underperform” rating and lowered their price target for the company from $80.00 to $71.00 in a report on Monday, August 1st. They noted that the move was a valuation call. Mizuho raised their price target on shares of Citrix Systems from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, July 21st. Barclays PLC raised their price target on shares of Citrix Systems from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Finally, Morgan Stanley raised their price target on shares of Citrix Systems from $70.00 to $77.00 and gave the company an “underweight” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.22.
A number of hedge funds have recently bought and sold shares of CTXS. DNB Asset Management AS boosted its stake in Citrix Systems by 3.5% in the second quarter. DNB Asset Management AS now owns 11,808 shares of the cloud computing company’s stock worth $946,000 after buying an additional 400 shares in the last quarter. Park National Corp OH boosted its stake in Citrix Systems by 8.6% in the second quarter. Park National Corp OH now owns 2,920 shares of the cloud computing company’s stock worth $234,000 after buying an additional 230 shares in the last quarter. Origin Asset Management LLP bought a new stake in Citrix Systems during the first quarter worth approximately $23,095,000. BlueMountain Capital Management LLC boosted its stake in Citrix Systems by 645.2% in the first quarter. BlueMountain Capital Management LLC now owns 8,115 shares of the cloud computing company’s stock worth $638,000 after buying an additional 7,026 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Citrix Systems by 242.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,705 shares of the cloud computing company’s stock worth $841,000 after buying an additional 7,578 shares in the last quarter. Hedge funds and other institutional investors own 97.30% of the company’s stock.
Citrix Systems Company Profile
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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