Citrix Systems Inc. (CTXS) Sees Large Volume Increase
Shares of Citrix Systems Inc. (NASDAQ:CTXS) saw an uptick in trading volume on Monday . 1,660,353 shares traded hands during trading, an increase of 11% from the previous session’s volume of 1,501,766 shares.The stock last traded at $86.56 and had previously closed at $89.13.
A number of brokerages have recently issued reports on CTXS. Jefferies Group downgraded Citrix Systems from a “hold” rating to an “underperform” rating and dropped their price target for the company from $80.00 to $71.00 in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research upgraded Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday. Citigroup Inc. boosted their target price on Citrix Systems from $93.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Barclays PLC boosted their target price on Citrix Systems from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Finally, Deutsche Bank AG boosted their target price on Citrix Systems from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $87.08.
The company has a market capitalization of $13.57 billion and a PE ratio of 34.90. The firm’s 50-day moving average is $84.17 and its 200 day moving average is $78.59.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.06. During the same quarter in the previous year, the firm earned $1.00 EPS. The business had revenue of $843 million for the quarter, compared to analysts’ expectations of $816.56 million. Citrix Systems’s revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Citrix Systems Inc. will post $5.05 EPS for the current fiscal year.
In related news, VP William Burley sold 1,253 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $83.05, for a total transaction of $104,061.65. Following the completion of the transaction, the vice president now owns 53,838 shares in the company, valued at approximately $4,471,245.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jessica Soisson sold 6,140 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $89.01, for a total value of $546,521.40. Following the transaction, the vice president now owns 18,790 shares of the company’s stock, valued at approximately $1,672,497.90. The disclosure for this sale can be found here.
A number of institutional investors have bought and sold shares of the stock. GSA Capital Partners LLP boosted its position in Citrix Systems by 211.8% in the fourth quarter. GSA Capital Partners LLP now owns 16,818 shares of the cloud computing company’s stock worth $1,272,000 after buying an additional 11,424 shares during the last quarter. Utah Retirement Systems boosted its position in Citrix Systems by 0.3% in the fourth quarter. Utah Retirement Systems now owns 28,748 shares of the cloud computing company’s stock worth $2,175,000 after buying an additional 100 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in Citrix Systems during the fourth quarter worth about $2,264,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in Citrix Systems by 103.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 40,987 shares of the cloud computing company’s stock worth $3,101,000 after buying an additional 20,822 shares during the last quarter. Finally, Airain ltd acquired a new position in Citrix Systems during the fourth quarter worth about $3,618,000.
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.