Citrix Systems, Inc. (NASDAQ:CTXS) Sees Significant Growth in Short Interest

Citrix Systems, Inc. (NASDAQ:CTXS) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,780,000 shares, a growth of 13.3% from the January 15th total of 4,220,000 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily volume of 1,550,000 shares, the short-interest ratio is currently 3.1 days.

NASDAQ CTXS opened at $122.03 on Friday. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 4.28 and a beta of 1.00. Citrix Systems has a one year low of $90.28 and a one year high of $130.55. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.74 and a quick ratio of 0.73. The business’s fifty day moving average is $118.28 and its 200-day moving average is $105.89.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, January 22nd. The cloud computing company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.54. Citrix Systems had a net margin of 22.65% and a return on equity of 93.09%. The company had revenue of $810.00 million during the quarter, compared to analyst estimates of $802.53 million. During the same quarter in the prior year, the business earned $1.67 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts expect that Citrix Systems will post 3.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, March 5th. Citrix Systems’s dividend payout ratio is currently 33.90%.

CTXS has been the topic of a number of recent analyst reports. Wedbush raised their price target on shares of Citrix Systems from $92.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. BidaskClub downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus increased their price objective on shares of Citrix Systems from $100.00 to $115.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Co lifted their target price on shares of Citrix Systems from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their target price on shares of Citrix Systems to in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $121.44.

In other Citrix Systems news, EVP Rotterdam Jeroen Van sold 15,355 shares of Citrix Systems stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $123.67, for a total transaction of $1,898,952.85. Following the transaction, the executive vice president now directly owns 59,895 shares of the company’s stock, valued at approximately $7,407,214.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nanci Caldwell sold 214 shares of Citrix Systems stock in a transaction on Monday, February 10th. The stock was sold at an average price of $120.94, for a total transaction of $25,881.16. Following the transaction, the director now directly owns 33,226 shares in the company, valued at $4,018,352.44. The disclosure for this sale can be found here. Insiders have sold a total of 51,781 shares of company stock valued at $6,256,886 in the last quarter. Company insiders own 0.54% of the company’s stock.

Several hedge funds have recently modified their holdings of CTXS. BlackRock Inc. lifted its holdings in Citrix Systems by 7.9% during the 2nd quarter. BlackRock Inc. now owns 10,356,603 shares of the cloud computing company’s stock worth $1,016,398,000 after purchasing an additional 754,570 shares during the last quarter. Wealthfront Advisers LLC increased its position in Citrix Systems by 4.2% during the 3rd quarter. Wealthfront Advisers LLC now owns 7,610 shares of the cloud computing company’s stock worth $735,000 after buying an additional 307 shares during the period. DNB Asset Management AS increased its position in Citrix Systems by 1.6% during the 3rd quarter. DNB Asset Management AS now owns 24,650 shares of the cloud computing company’s stock worth $2,379,000 after buying an additional 387 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Citrix Systems by 13.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,583 shares of the cloud computing company’s stock worth $828,000 after buying an additional 1,025 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Citrix Systems by 7.5% in the third quarter. Assenagon Asset Management S.A. now owns 7,200 shares of the cloud computing company’s stock valued at $695,000 after acquiring an additional 500 shares during the period. Institutional investors own 96.70% 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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