Citrix Systems, Inc. (NASDAQ: CTXS) Receives Average Rating of “Hold” from Analysts


Shares of Citrix Systems, Inc. (NASDAQ: CTXS – Get Rating) have earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $ 97.57.

Several analysts have recently issued reports on CTXS shares. Sanford C. Bernstein lowered Citrix Systems from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 23rd. Barclays dropped their price target on Citrix Systems from $ 88.00 to $ 80.00 and set an “underweight” rating for the company in a research report on Wednesday, January 12th. StockNews.com started coverage on Citrix Systems in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Citigroup downgraded Citrix Systems from a “neutral” rating to a “sell” rating and dropped their target price for the company from $ 103.00 to $ 85.00 in a research report on Monday, January 24th. Finally, Morgan Stanley increased their target price on Citrix Systems from $ 85.00 to $ 104.00 and gave the company an “underweight” rating in a research report on Tuesday, February 1st.

A number of institutional investors have recently made changes to their positions in CTXS. Morgan Stanley grew its stake in Citrix Systems by 15.5% in the second quarter. Morgan Stanley now owns 700,410 shares of the company’s cloud computing stock valued at $ 82,137,000 after acquiring an additional 94,126 shares during the period. Mn Services Vermogensbeheer BV grew its stake in Citrix Systems by 1.0% in the third quarter. Mn Services Vermogensbeheer BV now owns 91,038 shares of the company’s cloud computing stock valued at $ 9,775,000 after acquiring an additional 900 shares during the period. Occidental Asset Management LLC grew its stake in Citrix Systems by 9.7% in the third quarter. Occidental Asset Management LLC now owns 12,115 shares of the company’s cloud computing stock valued at $ 1,301,000 after acquiring an additional 1,075 shares during the period. Treasurer of the State of North Carolina grew its stake in Citrix Systems by 13.2% in the third quarter. Treasurer of the State of North Carolina now owns 68,284 shares of the company’s cloud computing stock valued at $ 7,332,000 after acquiring an additional 7,969 shares during the period. Finally, Sentry Investment Management LLC grew its stake in Citrix Systems by 1,202.1% in the third quarter. Sentry Investment Management LLC now owns 1,250 shares of the company’s cloud computing stock valued at $ 134,000 after acquiring an additional 1,154 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ: CTXS traded down $ 0.04 during trading on Tuesday, hitting $ 101.25. 2,454 shares of the company were exchanged, compared to its average volume of 2,381,181. The stock has a market cap of $ 12.75 billion, a price-to-earnings ratio of 41.67 and a beta of 0.03. Citrix Systems has a fifty-two week low of $ 78.07 and a fifty-two week high of $ 142.08. The firm has a fifty day moving average price of $ 101.50 and a two-hundred day moving average price of $ 96.39. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 6.08.

Citrix Systems (NASDAQ: CTXS – Get Rating) last posted its quarterly earnings results on Monday, January 31st. The cloud computing company reported $ 0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 0.43 by $ 0.43. Citrix Systems had a return on equity of 107.72% and a net margin of 9.56%. The firm had revenue of $ 850.90 million for the quarter, compared to analyst estimates of $ 830.04 million. During the same quarter in the previous year, the firm earned $ 1.46 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, research analysts predict that Citrix Systems will post 2.82 EPS for the current year.

About Citrix Systems (Get Rating)

Citrix Systems, Inc., an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.

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