Citrix Systems, Inc. (NASDAQ:CTXS) Given Average Rating of “Hold” by Analysts

Citrix Systems, Inc. (NASDAQ:CTXS) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $146.38.

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on Citrix Systems from $110.00 to $140.00 in a research note on Friday, April 24th. Deutsche Bank boosted their target price on Citrix Systems from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Morgan Stanley lifted their price target on shares of Citrix Systems from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. BidaskClub raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, William Blair raised shares of Citrix Systems from a “market perform” rating to an “outperform” rating in a report on Friday, March 13th.

Shares of NASDAQ CTXS traded up $1.88 during midday trading on Friday, reaching $142.77. The company’s stock had a trading volume of 2,984,513 shares, compared to its average volume of 1,648,658. Citrix Systems has a 12-month low of $90.28 and a 12-month high of $155.10. The firm has a 50 day moving average price of $143.09 and a 200-day moving average price of $128.38. The stock has a market capitalization of $17.62 billion, a P/E ratio of 24.96, a PEG ratio of 4.42 and a beta of 0.33. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.78 and a quick ratio of 0.77.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Thursday, April 23rd. The cloud computing company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.56. Citrix Systems had a return on equity of 132.00% and a net margin of 23.88%. The firm had revenue of $860.95 million for the quarter, compared to the consensus estimate of $734.29 million. During the same quarter in the previous year, the business earned $1.27 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. On average, equities analysts predict that Citrix Systems will post 3.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.40 dividend on an annualized basis and a yield of 0.98%. Citrix Systems’s payout ratio is 33.90%.

In other Citrix Systems news, EVP Paul J. Hough sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $141.92, for a total transaction of $283,840.00. Following the sale, the executive vice president now owns 69,690 shares of the company’s stock, valued at approximately $9,890,404.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mark J. Schmitz sold 732 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $141.30, for a total transaction of $103,431.60. Following the sale, the chief operating officer now directly owns 48,238 shares in the company, valued at approximately $6,816,029.40. The disclosure for this sale can be found here. Insiders have sold a total of 49,662 shares of company stock worth $7,077,310 in the last three months. Insiders own 0.54% of the company’s stock.

A number of hedge funds have recently modified their holdings of CTXS. Jacobi Capital Management LLC grew its position in shares of Citrix Systems by 733.3% during the 1st quarter. Jacobi Capital Management LLC now owns 200 shares of the cloud computing company’s stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. FDx Advisors Inc. grew its position in shares of Citrix Systems by 93.3% during the 1st quarter. FDx Advisors Inc. now owns 10,309 shares of the cloud computing company’s stock valued at $40,000 after purchasing an additional 4,975 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in shares of Citrix Systems by 982.1% during the 1st quarter. Prestige Wealth Management Group LLC now owns 303 shares of the cloud computing company’s stock valued at $43,000 after purchasing an additional 275 shares in the last quarter. Balentine LLC purchased a new position in shares of Citrix Systems during the 1st quarter valued at $59,000. Finally, Synovus Financial Corp grew its position in shares of Citrix Systems by 450.0% during the 1st quarter. Synovus Financial Corp now owns 451 shares of the cloud computing company’s stock valued at $64,000 after purchasing an additional 369 shares in the last quarter. 92.33% of the stock is currently owned by institutional investors and hedge funds.

About Citrix Systems

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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