Citrix Systems (NASDAQ:CTXS) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday, January 5th.

Several other brokerages have also recently weighed in on CTXS. Citigroup reduced their price target on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research cut Citrix Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. KeyCorp reissued a “hold” rating on shares of Citrix Systems in a research note on Friday, November 10th. Goldman Sachs Group raised Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Friday, November 3rd. Finally, Robert W. Baird reissued a “buy” rating on shares of Citrix Systems in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $89.50.

Shares of Citrix Systems (NASDAQ:CTXS) opened at $93.68 on Friday. The firm has a market capitalization of $14,120.00, a price-to-earnings ratio of 29.09, a P/E/G ratio of 4.68 and a beta of 1.41. Citrix Systems has a 12 month low of $70.24 and a 12 month high of $95.00. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69.

Citrix Systems announced that its board has initiated a stock repurchase program on Monday, November 13th that allows the company to buyback $1.70 billion in shares. This buyback authorization allows the cloud computing company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

In other Citrix Systems news, CFO Mark M. Coyle sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total transaction of $222,250.00. Following the completion of the transaction, the chief financial officer now owns 36,012 shares in the company, valued at approximately $3,201,466.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David J. Henshall sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total value of $1,053,125.00. Following the transaction, the chief executive officer now owns 306,777 shares of the company’s stock, valued at approximately $25,845,962.25. The disclosure for this sale can be found here. Insiders have sold 98,530 shares of company stock valued at $8,448,117 in the last quarter. 0.44% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. BT Investment Management Ltd lifted its stake in shares of Citrix Systems by 11.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock valued at $101,020,000 after purchasing an additional 138,032 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Citrix Systems by 22.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock valued at $87,588,000 after purchasing an additional 200,291 shares during the last quarter. Profit Investment Management LLC lifted its stake in shares of Citrix Systems by 43.4% in the 3rd quarter. Profit Investment Management LLC now owns 16,092 shares of the cloud computing company’s stock valued at $1,236,000 after purchasing an additional 4,867 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Citrix Systems by 14.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock valued at $43,360,000 after purchasing an additional 68,506 shares during the last quarter. Finally, PGGM Investments lifted its stake in shares of Citrix Systems by 25.3% in the 3rd quarter. PGGM Investments now owns 468,106 shares of the cloud computing company’s stock valued at $35,960,000 after purchasing an additional 94,592 shares during the last quarter. 92.16% of the stock is owned by institutional investors and hedge funds.

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About Citrix Systems

Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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