BTIG Research restated their neutral rating on shares of Citrix Systems, Inc. (NASDAQ:CTXS) in a report published on Wednesday morning.

CTXS has been the subject of a number of other research reports. Barclays PLC reissued an overweight rating and set a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a hold rating and set a $77.00 target price on shares of Citrix Systems in a research note on Wednesday, August 9th. MKM Partners reissued a buy rating and set a $90.00 target price (down previously from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a hold rating and set a $85.00 target price on shares of Citrix Systems in a research note on Monday, July 31st. Finally, Jefferies Group LLC reissued a sell rating and set a $61.00 target price on shares of Citrix Systems in a research note on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Citrix Systems has an average rating of Hold and an average target price of $89.25.

Shares of Citrix Systems (NASDAQ:CTXS) traded down 1.25% on Wednesday, hitting $75.35. The company’s stock had a trading volume of 230,361 shares. The stock’s 50 day moving average is $79.20 and its 200-day moving average is $81.09. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 25.39 and a beta of 1.49. Citrix Systems has a 52 week low of $64.11 and a 52 week high of $87.99.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.02. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The firm had revenue of $693 million during the quarter, compared to analyst estimates of $690.83 million. During the same period in the prior year, the business posted $1.20 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Citrix Systems will post $4.63 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in CTXS. YorkBridge Wealth Partners LLC increased its position in shares of Citrix Systems by 75.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,562 shares of the cloud computing company’s stock valued at $127,000 after buying an additional 672 shares during the period. Fifth Third Bancorp increased its position in shares of Citrix Systems by 10.3% in the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock valued at $152,000 after buying an additional 171 shares during the period. Greenwood Capital Associates LLC purchased a new position in shares of Citrix Systems during the first quarter valued at approximately $200,000. ZWJ Investment Counsel Inc. purchased a new position in shares of Citrix Systems during the first quarter valued at approximately $225,000. Finally, Colony Group LLC purchased a new position in shares of Citrix Systems during the second quarter valued at approximately $228,000. Hedge funds and other institutional investors own 95.80% of the company’s stock.

About Citrix Systems

Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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