Citrix Systems, Inc. (NASDAQ:CTXS) CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $88.31, for a total value of $1,103,875.00. Following the completion of the sale, the chief executive officer now owns 294,277 shares of the company’s stock, valued at $25,987,601.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Citrix Systems, Inc. (NASDAQ CTXS) opened at $87.20 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.69. Citrix Systems, Inc. has a 1-year low of $69.20 and a 1-year high of $88.96. The stock has a market capitalization of $13,312.17, a PE ratio of 21.50, a price-to-earnings-growth ratio of 4.22 and a beta of 1.40.

Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.18. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The firm had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $691.61 million. During the same quarter last year, the business earned $1.32 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. sell-side analysts expect that Citrix Systems, Inc. will post 3.93 EPS for the current year.

Citrix Systems declared that its Board of Directors has initiated a share buyback program on Monday, November 13th that authorizes the company to buyback $1.70 billion in outstanding shares. This buyback authorization authorizes the cloud computing company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of CTXS. Veritable L.P. lifted its holdings in shares of Citrix Systems by 0.3% during the 2nd quarter. Veritable L.P. now owns 4,477 shares of the cloud computing company’s stock valued at $356,000 after purchasing an additional 15 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Citrix Systems by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,838 shares of the cloud computing company’s stock valued at $465,000 after purchasing an additional 15 shares in the last quarter. Advisor Partners LLC lifted its holdings in shares of Citrix Systems by 3.5% during the 2nd quarter. Advisor Partners LLC now owns 3,302 shares of the cloud computing company’s stock valued at $263,000 after purchasing an additional 112 shares in the last quarter. CAPROCK Group Inc. lifted its holdings in shares of Citrix Systems by 8.0% during the 2nd quarter. CAPROCK Group Inc. now owns 3,538 shares of the cloud computing company’s stock valued at $282,000 after purchasing an additional 261 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Citrix Systems by 1.2% during the 2nd quarter. D.A. Davidson & CO. now owns 23,240 shares of the cloud computing company’s stock valued at $1,849,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.

A number of analysts recently commented on CTXS shares. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Friday, November 3rd. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird set a $90.00 price objective on Citrix Systems and gave the stock a “buy” rating in a research report on Friday, October 6th. Royal Bank Of Canada reiterated a “hold” rating and issued a $85.00 price objective on shares of Citrix Systems in a research report on Monday, September 4th. Finally, Citigroup lowered their price objective on Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.50.

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Citrix Systems Company Profile

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.

Insider Buying and Selling by Quarter for Citrix Systems (NASDAQ:CTXS)

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