Economy

Citrix Systems, Inc. (NASDAQ:CTXS) Lifted to "Hold" at Zacks Investment Research

If the published price targets set by Citrix Systems, Inc. analysts have any power to influence the stock's share price, the highest price target set for CTXS is $109. Mizuho now has $100.00 price objective on the cloud computing company's stock, up from their prior price objective of $90.00.

Several brokerages have recently weighed in on CTXS.

Tiaa Cref Investment Management Llc decreased Citrix Systems Inc (CTXS) stake by 9.63% reported in 2017Q2 SEC filing.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

In the most updated research from a number of analysts on Wall Street, the company gets 9 Buys and 3 Sell among 22 analysts.

Citrix Systems, Inc. (CTXS) now has a Return on Assets (ROA) value of 8.2 Percent. Mizuho maintained it with "Buy" rating and $9400 target in Wednesday, August 2 report. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company now has an average rating of Hold and an average price target of $89.50.

Citrix Systems (NASDAQ CTXS) traded down $1.88 during trading on Monday, reaching $84.03.

A stock with a ratio of under 1.0 would be undervalued and a stock with a PEG over 1.0 would be considered over valued.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. Northland Capital maintained Commscope Holding Company Inc (NASDAQ:COMM) on Tuesday, November 10 with "Market Perform" rating.

Citrix Systems, Inc. (CTXS) have shown a high EPS growth of 12.80% in the last 5 years and has earnings rose of 71.40% yoy. The cloud computing company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.19 by $0.13. Revenue during the quarter was $690.92 million, representing -18% growth from $841.25 million in year-ago quarter. The Return on Assets for Citrix Systems, Inc. The business's revenue for the quarter was up 3.4% compared to the same quarter previous year. Comparatively, CTXS posted earnings of $1.61 per share in the same quarter, a year earlier.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, October 25th. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and global copyright and trademark laws. Gateway Invest Advisers Ltd Liability invested 0.01% of its portfolio in Citrix Systems, Inc. Also, CFO Mark M. Coyle sold 2,500 shares of Citrix Systems stock in a transaction on Wednesday, November 8th. After keeping Technical check on movement of stock price comparison to its moving averages like 20, 50 and 200 SMA, we detected following trends of CTXS.

In other Citrix Systems news, CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction on Wednesday, November 8th. Following the completion of the sale, 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. (NASDAQ:CTXS). Laurion Capital Mgmt Lp invested in 0.01% or 15,200 shares. Buckhead Capital Management Ltd Com holds 0.63% or 43,257 shares. Global X Management Co. BT Investment Management Ltd lifted its holdings in shares of Citrix Systems by 11.7% in the third quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company's stock valued at $400,799,000 after purchasing an additional 1,321,350 shares in the last quarter.

Analysts on average have given a price target of $85.5 to Citrix Systems, Inc. The stock appeared $87.99 above its 52-week highs and is up 2.03% for the last five trades. New Amsterdam Partners LLC NY bought a new position in Citrix Systems in the 2nd quarter worth about $231,000. Finally, Synovus Financial Corp raised its position in Citrix Systems by 0.5% in the second quarter. Companies may issue new shares and buy back their own shares.



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