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

Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,920,000 shares, an increase of 18.2% from the March 31st total of 5,010,000 shares. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is currently 2.4 days.

Shares of NASDAQ:CTXS opened at $101.23 on Wednesday. Citrix Systems has a 1 year low of $78.07 and a 1 year high of $123.68. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 41.66 and a beta of 0.04. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.73 and a quick ratio of 0.72. The business’s 50 day moving average price is $101.35 and its 200-day moving average price is $96.63.

Citrix Systems (NASDAQ:CTXSGet Rating) last announced its earnings results on Monday, January 31st. The cloud computing company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.43. Citrix Systems had a return on equity of 107.72% and a net margin of 9.56%. The firm had revenue of $850.90 million for the quarter, compared to analyst estimates of $830.04 million. During the same quarter last year, the firm posted $1.46 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that Citrix Systems will post 2.82 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Covestor Ltd purchased a new position in shares of Citrix Systems during the 4th quarter valued at approximately $31,000. Richelieu Gestion PLC purchased a new position in shares of Citrix Systems during the 1st quarter valued at approximately $40,000. Concord Wealth Partners purchased a new position in shares of Citrix Systems during the 4th quarter valued at approximately $39,000. Consolidated Planning Corp purchased a new position in shares of Citrix Systems during the 3rd quarter valued at approximately $55,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Citrix Systems by 74.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 514 shares of the cloud computing company’s stock valued at $49,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Several brokerages recently weighed in on CTXS. StockNews.com began coverage on shares of Citrix Systems in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Barclays cut their price target on shares of Citrix Systems from $88.00 to $80.00 and set an “underweight” rating on the stock in a report on Wednesday, January 12th. Sanford C. Bernstein lowered Citrix Systems from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 23rd. Citigroup lowered Citrix Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $103.00 to $85.00 in a research report on Monday, January 24th. Finally, Morgan Stanley upped their price objective on Citrix Systems from $85.00 to $104.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 1st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $97.57.

Citrix Systems Company Profile (Get Rating)

Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.

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