Citrix Systems, Inc. (NASDAQ:CTXS) announced a dividend on Wednesday, October 23rd, Fidelity reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.35 per share by the cloud computing company on Friday, December 20th. The ex-dividend date is Thursday, December 5th.
Shares of CTXS traded down $0.80 during trading hours on Tuesday, hitting $111.11. The stock had a trading volume of 21,607 shares, compared to its average volume of 1,779,422. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74. The firm has a market cap of $14.69 billion, a P/E ratio of 24.22, a P/E/G ratio of 4.46 and a beta of 1.06. The company’s fifty day simple moving average is $108.75 and its 200 day simple moving average is $99.13. Citrix Systems has a 12-month low of $90.28 and a 12-month high of $114.73.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.27. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. The firm had revenue of $733.00 million during the quarter, compared to the consensus estimate of $715.05 million. During the same quarter in the previous year, the business earned $1.40 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that Citrix Systems will post 3.85 earnings per share for the current fiscal year.
In related news, Director Robert Calderoni sold 11,893 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $110.04, for a total transaction of $1,308,705.72. Following the completion of the sale, the director now owns 77,518 shares of the company’s stock, valued at approximately $8,530,080.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David J. Henshall sold 6,353 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $96.95, for a total transaction of $615,923.35. Following the sale, the chief executive officer now owns 345,511 shares in the company, valued at approximately $33,497,291.45. The disclosure for this sale can be found here. Insiders sold a total of 48,311 shares of company stock valued at $5,128,666 over the last quarter. Company insiders own 0.54% of the company’s stock.
Several research firms have recently weighed in on CTXS. ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Jefferies Financial Group upgraded shares of Citrix Systems from an “underperform” rating to a “hold” rating and lifted their target price for the company from $80.00 to $105.00 in a report on Tuesday, October 29th. BidaskClub cut Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 28th. Wedbush reaffirmed a “hold” rating and issued a $92.00 target price on shares of Citrix Systems in a research report on Friday, October 25th. Finally, Barclays set a $107.00 target price on Citrix Systems and gave the company a “hold” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $105.33.
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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