Citrix Systems (NASDAQ:CTXS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Citrix Systems has an impressive earnings history having surpassed estimates in each of the preceding four quarters with an average beat of 7.1%. The company's efforts to reward shareholders through share buybacks are impressive. Citrix announced a share buyback program in November 2017, by dint of which the company aims to return $2 billion of capital to its shareholders by Dec 31, 2018. We are also positive on the company's buyout of Cedexis — a web monitoring company. However, high costs continue to hurt the bottom line. Additionally, frequent management changes at the company have the potential to shake investors’ confidence in the stock. Adverse foreign exchange movements might hurt the company as it continues to foray into non-U.S. markets. Shares of the company have underperformed the industry in the past year. Further, estimates have been stable lately ahead of the company’s Q1 earnings release.”

Several other analysts also recently commented on CTXS. Robert W. Baird reissued a “buy” rating on shares of Citrix Systems in a research report on Thursday, January 4th. BidaskClub raised shares of Citrix Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Barclays downgraded shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective on the stock. in a research report on Monday, January 8th. Cowen downgraded shares of Citrix Systems from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $90.00 to $93.00 in a research report on Thursday, January 11th. They noted that the move was a valuation call. Finally, Mizuho reissued a “buy” rating and set a $101.00 price objective (up from $92.00) on shares of Citrix Systems in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $94.44.

Shares of NASDAQ:CTXS traded down $0.69 during midday trading on Wednesday, reaching $95.91. The company’s stock had a trading volume of 495,055 shares, compared to its average volume of 1,670,443. The company has a market capitalization of $13,309.88, a PE ratio of 23.17, a P/E/G ratio of 3.06 and a beta of 1.27. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55. Citrix Systems has a 12-month low of $73.33 and a 12-month high of $98.60.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.06. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The firm had revenue of $777.90 million for the quarter, compared to the consensus estimate of $778.49 million. During the same period in the prior year, the firm earned $1.61 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. equities analysts anticipate that Citrix Systems will post 3.91 EPS for the current fiscal year.

In other Citrix Systems news, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $92.62, for a total transaction of $1,157,750.00. Following the transaction, the chief executive officer now owns 281,777 shares in the company, valued at approximately $26,098,185.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Calderoni sold 62,237 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $95.78, for a total transaction of $5,961,059.86. Following the transaction, the insider now owns 208,112 shares in the company, valued at approximately $19,932,967.36. The disclosure for this sale can be found here. Insiders have sold a total of 82,010 shares of company stock worth $7,786,462 in the last 90 days. Company insiders own 0.44% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MUFG Securities EMEA plc lifted its stake in Citrix Systems by 3.0% during the 4th quarter. MUFG Securities EMEA plc now owns 901,300 shares of the cloud computing company’s stock valued at $79,314,000 after acquiring an additional 26,300 shares during the period. Bain Capital Public Equity Management LLC lifted its stake in shares of Citrix Systems by 3.9% in the 4th quarter. Bain Capital Public Equity Management LLC now owns 823,837 shares of the cloud computing company’s stock worth $72,498,000 after purchasing an additional 31,192 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Citrix Systems by 69.7% in the 4th quarter. Glenmede Trust Co. NA now owns 687,354 shares of the cloud computing company’s stock worth $60,485,000 after purchasing an additional 282,312 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Citrix Systems by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 555,862 shares of the cloud computing company’s stock worth $42,701,000 after purchasing an additional 11,005 shares during the period. Finally, Wolverine Asset Management LLC lifted its stake in shares of Citrix Systems by 173.8% in the 4th quarter. Wolverine Asset Management LLC now owns 550,217 shares of the cloud computing company’s stock worth $48,419,000 after purchasing an additional 349,230 shares during the period. Institutional investors and hedge funds own 91.46% of the company’s stock.

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Citrix Systems Company Profile

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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