Timothy A. Minahan Sells 5,890 Shares of Citrix Systems, Inc. (CTXS) Stock
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.
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.
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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