Citrix Systems, Inc. (NASDAQ:CTXS) SVP Timothy A. Minahan sold 11,688 shares of the stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $105.05, for a total transaction of $1,227,824.40. Following the sale, the senior vice president now directly owns 69,384 shares of the companys stock, valued at approximately $7,288,789.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
CTXS stock traded down $0.97 during trading on Thursday, hitting $108.25. The company had a trading volume of 1,372,401 shares, compared to its average volume of 1,741,734. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 2.82 and a beta of 1.28. Citrix Systems, Inc. has a fifty-two week low of $73.33 and a fifty-two week high of $109.43.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, April 25th. The cloud computing company reported $1.29 EPS for the quarter, topping analysts consensus estimates of $1.05 by $0.24. The company had revenue of $697.19 million for the quarter, compared to analyst estimates of $675.57 million. Citrix Systems had a return on equity of 49.52% and a net margin of 3.35%. The businesss revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. research analysts anticipate that Citrix Systems, Inc. will post 4.27 earnings per share for the current year.
Several equities analysts have recently commented on the company. Citigroup increased their target price on Citrix Systems from $94.00 to $120.00 and gave the company a buy rating in a research note on Friday, April 20th. Zacks Investment Research upgraded Citrix Systems from a hold rating to a buy rating and set a $102.00 target price on the stock in a research note on Tuesday, April 3rd. Berenberg Bank lowered Citrix Systems from a buy rating to a hold rating and set a $107.00 price target on the stock. in a report on Thursday, April 26th. They noted that the move was a valuation call. Mizuho lifted their target price on Citrix Systems to $115.00 and gave the stock a buy rating in a report on Thursday, April 26th. Finally, ValuEngine upgraded Citrix Systems from a hold rating to a buy rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $102.31.
Several hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Citrix Systems by 4.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 14,074 shares of the cloud computing companys stock worth $1,239,000 after acquiring an additional 571 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Citrix Systems by 15.3% during the first quarter. Daiwa Securities Group Inc. now owns 5,223 shares of the cloud computing companys stock worth $485,000 after acquiring an additional 692 shares during the last quarter. Norinchukin Bank The raised its position in shares of Citrix Systems by 6.8% during the fourth quarter. Norinchukin Bank The now owns 11,445 shares of the cloud computing companys stock worth $1,007,000 after acquiring an additional 732 shares during the last quarter. IFP Advisors Inc raised its position in shares of Citrix Systems by 13.1% during the first quarter. IFP Advisors Inc now owns 6,564 shares of the cloud computing companys stock worth $609,000 after acquiring an additional 761 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Citrix Systems by 3.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 23,329 shares of the cloud computing companys stock worth $2,165,000 after acquiring an additional 770 shares during the last quarter. Institutional investors own 98.39% of the companys stock.
This article provided by NewsEdge.