Citrix Systems’ (CTXS) “Hold” Rating Reaffirmed at Stifel Nicolaus
Citrix Systems, Inc. (NASDAQ:CTXS)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They presently have a $77.00 target price on the cloud computing company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 0.33% from the stock’s previous close.
A number of other analysts also recently weighed in on the stock. BidaskClub downgraded shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday. Barclays PLC reiterated an “overweight” rating and set a $90.00 price target (up from $87.00) on shares of Citrix Systems in a report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a report on Monday, July 31st. Jefferies Group LLC cut their price target on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating on the stock in a report on Friday, April 28th. Finally, Deutsche Bank AG cut their price target on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Citrix Systems has an average rating of “Hold” and a consensus price target of $90.13.
Shares of Citrix Systems (NASDAQ:CTXS) opened at 76.75 on Wednesday. The firm’s 50-day moving average is $80.46 and its 200 day moving average is $80.96. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 25.86 and a beta of 1.49. Citrix Systems has a 52-week low of $64.11 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 for the quarter, missing analysts’ consensus estimates of $0.85 by $0.02. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business had revenue of $693 million during the quarter, compared to the consensus estimate of $690.83 million. During the same quarter last year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts expect that Citrix Systems will post $4.63 EPS for the current year.
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Large investors have recently made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of Citrix Systems by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,838 shares of the cloud computing company’s stock worth $465,000 after buying an additional 15 shares during the period. Quadrant Capital Group LLC raised its position in shares of Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock worth $113,000 after buying an additional 35 shares during the period. Blair William & Co. IL raised its position in shares of Citrix Systems by 0.6% in the first quarter. Blair William & Co. IL now owns 7,987 shares of the cloud computing company’s stock worth $658,000 after buying an additional 49 shares during the period. Cleararc Capital Inc. raised its position in shares of Citrix Systems by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the cloud computing company’s stock worth $321,000 after buying an additional 58 shares during the period. Finally, Clean Yield Group raised its position in shares of Citrix Systems by 0.9% in the first quarter. Clean Yield Group now owns 7,739 shares of the cloud computing company’s stock worth $645,000 after buying an additional 70 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.
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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