Citrix Systems Inc. (NASDAQ:CTXS)’s share price was down 3% on Wednesday . The company traded as low as $85.00 and last traded at $86.66, with a volume of 2,696,034 shares. The stock had previously closed at $89.33.

A number of equities analysts have recently weighed in on CTXS shares. Citigroup Inc. reiterated a “buy” rating on shares of Citrix Systems in a research note on Thursday, April 21st. MKM Partners increased their price target on Citrix Systems from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, April 18th. Stifel Nicolaus reissued a “buy” rating and set a $96.00 price target (up previously from $89.00) on shares of Citrix Systems in a research report on Monday, April 18th. Zacks Investment Research raised Citrix Systems from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday, April 25th. Finally, Bank of America Corp. reissued a “buy” rating and set a $93.00 price target (up previously from $90.00) on shares of Citrix Systems in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $87.58.

The stock has a market capitalization of $13.65 billion and a P/E ratio of 37.34. The company’s 50 day moving average is $84.09 and its 200 day moving average is $78.09.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. The company earned $843 million during the quarter, compared to analysts’ expectations of $816.56 million. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Analysts anticipate that Citrix Systems Inc. will post $4.98 earnings per share for the current year.

In other Citrix Systems news, VP William Burley sold 1,253 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $83.05, for a total transaction of $104,061.65. Following the completion of the sale, the vice president now directly owns 53,838 shares in the company, valued at $4,471,245.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $81.52, for a total transaction of $81,520.00. Following the sale, the director now owns 20,405 shares of the company’s stock, valued at $1,663,415.60. The disclosure for this sale can be found here.

A number of hedge funds have bought and sold shares of CTXS. BP PLC raised its stake in Citrix Systems by 225.0% in the fourth quarter. BP PLC now owns 65,000 shares of the cloud computing company’s stock valued at $4,916,000 after buying an additional 45,000 shares during the last quarter. GAM Holding AG raised its stake in Citrix Systems by 1.8% in the fourth quarter. GAM Holding AG now owns 46,415 shares of the cloud computing company’s stock valued at $3,511,000 after buying an additional 809 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in Citrix Systems by 4.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 240,984 shares of the cloud computing company’s stock valued at $18,546,000 after buying an additional 11,339 shares during the last quarter. Cibc World Markets Corp raised its stake in Citrix Systems by 261.8% in the fourth quarter. Cibc World Markets Corp now owns 1,277,755 shares of the cloud computing company’s stock valued at $96,662,000 after buying an additional 924,635 shares during the last quarter. Finally, Cambridge Trust Co. raised its stake in Citrix Systems by 0.9% in the fourth quarter. Cambridge Trust Co. now owns 183,148 shares of the cloud computing company’s stock valued at $13,855,000 after buying an additional 1,565 shares during the last quarter.

Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

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