Citrix Systems, Inc. (NASDAQ:CTXS) has earned an average rating of “Hold” from the twenty-one analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $89.60.
A number of analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a research note on Tuesday, October 10th. Robert W. Baird set a $90.00 target price on shares of Citrix Systems and gave the stock a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Wells Fargo & Company upgraded shares of Citrix Systems from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $82.50 to $95.00 in a research note on Monday, October 2nd. Finally, BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th.
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Hedge funds have recently added to or reduced their stakes in the business. Elliott Management Corp grew its holdings in shares of Citrix Systems by 5.7% during the 1st quarter. Elliott Management Corp now owns 7,091,000 shares of the cloud computing company’s stock valued at $591,318,000 after purchasing an additional 384,456 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Citrix Systems by 35.6% during the 2nd quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock valued at $400,799,000 after purchasing an additional 1,321,350 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Citrix Systems by 10.4% during the 2nd quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock valued at $196,965,000 after purchasing an additional 233,370 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of Citrix Systems by 40.7% during the 1st quarter. Nomura Holdings Inc. now owns 2,023,103 shares of the cloud computing company’s stock valued at $168,767,000 after purchasing an additional 584,905 shares during the last quarter. Finally, Farallon Capital Management LLC grew its holdings in shares of Citrix Systems by 8.2% during the 2nd quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock valued at $127,859,000 after purchasing an additional 121,549 shares during the last quarter. 93.58% of the stock is currently owned by hedge funds and other institutional investors.
Citrix Systems (NASDAQ CTXS) traded up 0.57% on Thursday, hitting $82.74. 1,576,913 shares of the stock traded hands. The firm’s 50 day moving average is $78.00 and its 200 day moving average is $80.29. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 27.88 and a beta of 1.49. Citrix Systems has a 52 week low of $65.56 and a 52 week high of $87.99.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. Equities analysts anticipate that Citrix Systems will post $4.63 earnings per share for the current year.
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.
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