Citrix Systems (NASDAQ:CTXS) had its price objective hoisted by research analysts at Stifel Nicolaus from $86.00 to $88.00 in a research report issued to clients and investors on Thursday, February 1st, MarketBeat Ratings reports. The firm currently has a “hold” rating on the cloud computing company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 4.11% from the stock’s previous close.

Several other research firms also recently commented on CTXS. Citigroup reduced their price objective on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. KeyCorp restated a “hold” rating on shares of Citrix Systems in a report on Friday, November 10th. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Friday, November 3rd. Finally, Robert W. Baird restated a “buy” rating on shares of Citrix Systems in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Citrix Systems has a consensus rating of “Hold” and a consensus target price of $91.31.

Citrix Systems (CTXS) traded down $3.07 on Thursday, reaching $84.53. The company’s stock had a trading volume of 1,965,765 shares, compared to its average volume of 1,540,036. The stock has a market cap of $13,428.19, a P/E ratio of -352.21, a P/E/G ratio of 2.83 and a beta of 1.34. Citrix Systems has a one year low of $73.33 and a one year high of $95.00. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.60 by $0.06. The company had revenue of $777.90 million for the quarter, compared to the consensus estimate of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. Citrix Systems’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS. equities analysts anticipate that Citrix Systems will post 3.88 EPS for the current year.

Citrix Systems declared that its Board of Directors has initiated a share buyback plan on Monday, November 13th that authorizes the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization authorizes the cloud computing company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In other news, SVP Rotterdam Jeroen Van sold 8,530 shares of Citrix Systems stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $84.58, for a total value of $721,467.40. Following the transaction, the senior vice president now directly owns 67,122 shares in the company, valued at approximately $5,677,178.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Calderoni sold 60,000 shares of Citrix Systems stock in a transaction on Friday, November 17th. The shares were sold at an average price of $85.61, for a total value of $5,136,600.00. Following the completion of the transaction, the insider now owns 178,706 shares in the company, valued at $15,299,020.66. The disclosure for this sale can be found here. Insiders sold a total of 96,030 shares of company stock worth $8,341,942 over the last quarter. Company insiders own 0.44% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC grew its stake in Citrix Systems by 346.8% during the 4th quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock worth $130,000 after buying an additional 1,148 shares during the last quarter. Signition LP purchased a new position in Citrix Systems during the 4th quarter worth $4,383,000. The Manufacturers Life Insurance Company grew its stake in Citrix Systems by 7.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 156,375 shares of the cloud computing company’s stock worth $13,761,000 after buying an additional 11,419 shares during the last quarter. Barings LLC grew its stake in Citrix Systems by 39.4% during the 4th quarter. Barings LLC now owns 19,122 shares of the cloud computing company’s stock worth $1,683,000 after buying an additional 5,400 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Citrix Systems by 16.5% during the 4th quarter. Sei Investments Co. now owns 44,647 shares of the cloud computing company’s stock worth $3,930,000 after buying an additional 6,321 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

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About Citrix Systems

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.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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