Citrix Systems (NASDAQ:CTXS) Rating Lowered to Strong Sell at BidaskClub

BidaskClub lowered shares of Citrix Systems (NASDAQ:CTXS) from a sell rating to a strong sell rating in a research report released on Tuesday, April 9th, BidAskClub reports.

Several other research firms also recently weighed in on CTXS. TheStreet upgraded Citrix Systems from a c+ rating to a b rating in a research note on Wednesday, January 23rd. Wedbush cut their price target on Citrix Systems from $115.00 to $110.00 and set a neutral rating for the company in a research note on Thursday, January 24th. Finally, Zacks Investment Research downgraded Citrix Systems from a buy rating to a hold rating in a research note on Wednesday, December 19th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $114.30.

NASDAQ:CTXS traded down $0.10 during trading on Tuesday, reaching $99.15. The company’s stock had a trading volume of 1,248,776 shares, compared to its average volume of 1,777,405. The company has a market capitalization of $13.10 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.80 and a beta of 1.00. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.85. Citrix Systems has a 12 month low of $96.81 and a 12 month high of $116.82.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, April 24th. The cloud computing company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.41. The firm had revenue of $719.14 million during the quarter, compared to the consensus estimate of $707.78 million. Citrix Systems had a return on equity of 94.77% and a net margin of 18.08%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Sell-side analysts anticipate that Citrix Systems will post 4.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.41%. Citrix Systems’s payout ratio is 30.57%.

In other Citrix Systems news, CEO David J. Henshall sold 4,298 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $100.00, for a total value of $429,800.00. Following the completion of the transaction, the chief executive officer now owns 355,156 shares in the company, valued at approximately $35,515,600. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark J. Ferrer sold 1,388 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $99.93, for a total value of $138,702.84. Following the completion of the transaction, the executive vice president now owns 56,830 shares of the company’s stock, valued at approximately $5,679,021.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,221 shares of company stock valued at $1,638,344. 0.56% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Martingale Asset Management L P boosted its holdings in shares of Citrix Systems by 173.7% in the 3rd quarter. Martingale Asset Management L P now owns 381,011 shares of the cloud computing company’s stock valued at $42,354,000 after buying an additional 241,812 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Citrix Systems by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 572,537 shares of the cloud computing company’s stock valued at $63,642,000 after buying an additional 4,052 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Citrix Systems by 46.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,839 shares of the cloud computing company’s stock valued at $2,316,000 after buying an additional 6,604 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Citrix Systems by 72.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,734 shares of the cloud computing company’s stock valued at $1,858,000 after buying an additional 7,014 shares during the period. Finally, First Republic Investment Management Inc. boosted its holdings in shares of Citrix Systems by 12.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 23,953 shares of the cloud computing company’s stock valued at $2,663,000 after buying an additional 2,665 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

Citrix Systems Company Profile

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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