Citrix Systems, Inc. (NASDAQ:CTXS) EVP Paul J. Hough sold 8,483 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $103.16, for a total value of $875,106.28. Following the completion of the sale, the executive vice president now directly owns 54,988 shares of the company’s stock, valued at $5,672,562.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Citrix Systems stock opened at $104.38 on Wednesday. Citrix Systems, Inc. has a 12 month low of $82.46 and a 12 month high of $116.82. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market cap of $13.94 billion, a PE ratio of 25.21, a P/E/G ratio of 2.56 and a beta of 1.36.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. The business had revenue of $732.47 million during the quarter, compared to analysts’ expectations of $722.76 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citrix Systems, Inc. will post 4.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, December 6th.
Citrix Systems declared that its board has initiated a stock buyback program on Wednesday, October 24th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the cloud computing company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Several research firms have recently weighed in on CTXS. Morgan Stanley increased their price objective on Citrix Systems from $92.00 to $101.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. Barclays increased their price objective on Citrix Systems from $112.00 to $114.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Wells Fargo & Co increased their price objective on Citrix Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, July 24th. BidaskClub downgraded Citrix Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Robert W. Baird downgraded Citrix Systems from an “outperform” rating to a “neutral” rating and set a $110.00 price objective for the company. in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.93.
Large investors have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. purchased a new position in Citrix Systems in the third quarter worth $102,000. Fort L.P. purchased a new position in Citrix Systems in the second quarter worth $120,000. Piedmont Investment Advisors LLC purchased a new position in Citrix Systems in the second quarter worth $153,000. Itau Unibanco Holding S.A. purchased a new position in Citrix Systems in the second quarter worth $163,000. Finally, Advisors Preferred LLC purchased a new position in Citrix Systems in the second quarter worth $172,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.
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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