Citrix Systems, Inc. (NASDAQ:CTXS) Short Interest Update

Citrix Systems, Inc. (NASDAQ:CTXS) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 8,778,580 shares, a decline of 21.3% from the November 30th total of 11,158,596 shares. Currently, 5.9% of the shares of the company are sold short. Based on an average daily volume of 1,869,694 shares, the short-interest ratio is presently 4.7 days.

A number of analysts have issued reports on CTXS shares. Robert W. Baird reissued a “buy” rating and issued a $90.00 price objective on shares of Citrix Systems in a report on Sunday, November 19th. Mizuho reaffirmed a “buy” rating and set a $94.00 price target (up previously from $92.00) on shares of Citrix Systems in a report on Wednesday, October 25th. Citigroup cut their price target on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, October 27th. Goldman Sachs Group raised shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target for the company in a report on Friday, November 3rd. Finally, Barclays cut shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $89.00.

In related news, SVP Rotterdam Jeroen Van sold 8,530 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $84.58, for a total value of $721,467.40. Following the transaction, the senior vice president now owns 67,122 shares in the company, valued at approximately $5,677,178.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark M. Coyle sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total transaction of $210,800.00. Following the completion of the transaction, the chief financial officer now owns 38,512 shares in the company, valued at approximately $3,247,331.84. The disclosure for this sale can be found here. Insiders have sold a total of 98,530 shares of company stock worth $8,448,117 over the last 90 days. 0.44% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Farallon Capital Management LLC boosted its stake in Citrix Systems by 8.2% during the second quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock worth $127,859,000 after acquiring an additional 121,549 shares in the last quarter. BT Investment Management Ltd lifted its stake in shares of Citrix Systems by 11.7% in the third quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock valued at $101,020,000 after buying an additional 138,032 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Citrix Systems by 0.9% in the third quarter. Schroder Investment Management Group now owns 1,267,628 shares of the cloud computing company’s stock valued at $97,221,000 after buying an additional 10,876 shares in the last quarter. Numeric Investors LLC lifted its stake in shares of Citrix Systems by 61.4% in the second quarter. Numeric Investors LLC now owns 1,156,334 shares of the cloud computing company’s stock valued at $92,021,000 after buying an additional 439,821 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Citrix Systems by 22.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock valued at $87,588,000 after buying an additional 200,291 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Citrix Systems (NASDAQ CTXS) opened at $90.04 on Friday. Citrix Systems has a 12-month low of $70.24 and a 12-month high of $91.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44. The firm has a market cap of $13,570.00, a price-to-earnings ratio of 27.96, a PEG ratio of 4.43 and a beta of 1.41.

Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.18. The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $691.61 million. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. Citrix Systems’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 earnings per share. research analysts anticipate that Citrix Systems will post 3.93 EPS for the current year.

Citrix Systems declared that its Board of Directors has initiated a stock buyback program on Monday, November 13th that authorizes the company to buyback $1.70 billion in outstanding shares. This buyback authorization authorizes the cloud computing company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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Citrix Systems Company Profile

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.

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