Robert Calderoni Sells 2,128 Shares of Citrix Systems, Inc. (CTXS) Stock

Citrix Systems, Inc. (NASDAQ:CTXS) insider Robert Calderoni sold 2,128 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $110.14, for a total transaction of $234,377.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Robert Calderoni also recently made the following trade(s):

  • On Thursday, November 1st, Robert Calderoni sold 2,128 shares of Citrix Systems stock. The shares were sold at an average price of $102.34, for a total transaction of $217,779.52.

Shares of NASDAQ CTXS opened at $108.87 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market cap of $14.67 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.71 and a beta of 1.37. Citrix Systems, Inc. has a 12-month low of $83.70 and a 12-month high of $116.82.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.15. The firm had revenue of $732.47 million for the quarter, compared to analysts’ expectations of $722.76 million. Citrix Systems had a net margin of 4.27% and a return on equity of 91.46%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 EPS. As a group, sell-side analysts expect that Citrix Systems, Inc. will post 4.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, December 6th.

Citrix Systems announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 24th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the cloud computing company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new stake in shares of Citrix Systems during the 3rd quarter valued at about $102,000. Captrust Financial Advisors raised its position in shares of Citrix Systems by 2,623.7% during the 3rd quarter. Captrust Financial Advisors now owns 1,035 shares of the cloud computing company’s stock valued at $115,000 after buying an additional 997 shares in the last quarter. Fort L.P. purchased a new stake in shares of Citrix Systems during the 2nd quarter valued at about $120,000. Piedmont Investment Advisors LLC purchased a new stake in Citrix Systems in the 2nd quarter worth about $153,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Citrix Systems in the 2nd quarter worth about $163,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

CTXS has been the subject of several research reports. Robert W. Baird dropped their price objective on shares of Citrix Systems from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. BidaskClub downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Tuesday. Wedbush initiated coverage on shares of Citrix Systems in a report on Thursday, October 18th. They set a “neutral” rating and a $115.00 price objective for the company. Citigroup increased their price objective on shares of Citrix Systems from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 25th. Finally, Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Citrix Systems currently has an average rating of “Hold” and an average target price of $114.21.

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Citrix Systems Company Profile

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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