Citrix Systems Inc. (NASDAQ:CTXS) has been given an average recommendation of “Hold” by the twenty-five brokerages that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $89.58.

Several research firms recently issued reports on CTXS. Zacks Investment Research cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of Citrix Systems in a report on Sunday, October 23rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $100.00 price target (up from $95.00) on shares of Citrix Systems in a report on Saturday, October 22nd. William Blair reaffirmed a “market perform” rating on shares of Citrix Systems in a report on Thursday, October 20th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Citrix Systems in a report on Thursday, October 20th.

Shares of Citrix Systems (NASDAQ:CTXS) opened at 88.31 on Friday. The firm has a market cap of $13.77 billion, a PE ratio of 29.53 and a beta of 1.66. The stock has a 50 day moving average of $85.27 and a 200 day moving average of $85.03. Citrix Systems has a 1-year low of $60.91 and a 1-year high of $90.00.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, October 19th. The cloud computing company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $841.30 million for the quarter, compared to analysts’ expectations of $827.21 million. Citrix Systems had a net margin of 13.69% and a return on equity of 32.90%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 earnings per share. Equities research analysts anticipate that Citrix Systems will post $5.20 earnings per share for the current fiscal year.

In other Citrix Systems news, VP Jessica Soisson sold 2,388 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $84.70, for a total value of $202,263.60. Following the completion of the sale, the vice president now directly owns 12,353 shares of the company’s stock, valued at approximately $1,046,299.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Hylen sold 2,250 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $84.82, for a total transaction of $190,845.00. Following the completion of the sale, the senior vice president now directly owns 37,657 shares of the company’s stock, valued at $3,194,066.74. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Checchi Capital Advisers LLC increased its stake in shares of Citrix Systems by 3.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,304 shares of the cloud computing company’s stock worth $104,000 after buying an additional 49 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Citrix Systems by 82.7% in the second quarter. Global X Management Co. LLC now owns 1,745 shares of the cloud computing company’s stock worth $140,000 after buying an additional 790 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Citrix Systems by 3.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,349 shares of the cloud computing company’s stock worth $188,000 after buying an additional 75 shares during the last quarter. Advisor Partners LLC acquired a new stake in shares of Citrix Systems during the third quarter worth $206,000. Finally, Synovus Financial Corp increased its stake in shares of Citrix Systems by 0.5% in the second quarter. Synovus Financial Corp now owns 2,512 shares of the cloud computing company’s stock worth $204,000 after buying an additional 12 shares during the last quarter. 95.70% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2016/11/28/brokerages-set-citrix-systems-inc-ctxs-pt-at-89-58.html.

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.

5 Day Chart for NASDAQ:CTXS

Receive News & Stock Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related stocks with our FREE daily email newsletter.