Citrix Systems, Inc. (NASDAQ:CTXS) EVP Timothy A. Minahan sold 5,890 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $109.40, for a total value of $644,366.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Citrix Systems stock opened at $109.32 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.83. Citrix Systems, Inc. has a 12 month low of $83.70 and a 12 month high of $116.82. The firm has a market cap of $14.67 billion, a PE ratio of 23.62, a P/E/G ratio of 2.71 and a beta of 1.37.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.15. Citrix Systems had a net margin of 4.27% and a return on equity of 91.46%. The business had revenue of $732.47 million during the quarter, compared to analyst estimates of $722.76 million. During the same quarter in the previous year, the business earned $1.22 EPS. Citrix Systems’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that Citrix Systems, Inc. will post 4.39 earnings per share for the current fiscal year.

Citrix Systems announced that its board has initiated a stock repurchase plan on Wednesday, October 24th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the cloud computing company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, December 6th.

Several research firms have issued reports on CTXS. Robert W. Baird dropped their price target on Citrix Systems from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. BidaskClub raised Citrix Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Wedbush began coverage on Citrix Systems in a report on Thursday, October 18th. They issued a “neutral” rating and a $115.00 price target on the stock. Barclays upped their price target on Citrix Systems from $112.00 to $114.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Finally, Bank of America dropped their price target on Citrix Systems from $123.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Citrix Systems presently has a consensus rating of “Hold” and an average target price of $114.21.

Hedge funds have recently added to or reduced their stakes in the stock. Banque Pictet & Cie SA lifted its position in Citrix Systems by 0.5% during the 2nd quarter. Banque Pictet & Cie SA now owns 82,451 shares of the cloud computing company’s stock worth $8,644,000 after acquiring an additional 450 shares during the last quarter. LPL Financial LLC lifted its position in Citrix Systems by 1.4% during the 3rd quarter. LPL Financial LLC now owns 35,942 shares of the cloud computing company’s stock worth $3,995,000 after acquiring an additional 484 shares during the last quarter. New Amsterdam Partners LLC NY lifted its position in Citrix Systems by 16.5% during the 3rd quarter. New Amsterdam Partners LLC NY now owns 3,825 shares of the cloud computing company’s stock worth $425,000 after acquiring an additional 541 shares during the last quarter. South State Corp lifted its position in Citrix Systems by 7.6% during the 3rd quarter. South State Corp now owns 8,245 shares of the cloud computing company’s stock worth $916,000 after acquiring an additional 579 shares during the last quarter. Finally, Commerce Bank lifted its position in Citrix Systems by 15.2% during the 3rd quarter. Commerce Bank now owns 4,482 shares of the cloud computing company’s stock worth $498,000 after acquiring an additional 593 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

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About Citrix Systems

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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