High costs have hurt the bottom line for quite some time and the third quarter of 2017 no different. It has underperformed by 99.63% the S&P500.The move comes after 5 months negative chart setup for the $9.79 million company. Over the trailing year, the stock is underperforming the S&P 500 by 18.46, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. We are also impressed by the company's efforts to expand its product portfolio.
Several other brokerages have also recently commented on CTXS.
Stock research analysts at the Goldman Sachs equity research division upgraded shares of Citrix Systems (NASDAQ:CTXS) from a Neutral to a Buy on 3 November. BidaskClub cut shares of Citrix Systems from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 5th. Finally, BTIG Research reissued a "neutral" rating on shares of Citrix Systems in a research report on Wednesday, August 16th. That suggests something of the likelihood of a short squeeze in shares of CTXS. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and a consensus target price of $91.17. The company was downgraded on Monday, October 3 by UBS. Citrix Systems has a 12-month low of $67.22 and a 12-month high of $87.99. The company has market cap of $12.67 billion. The company now has a P/E ratio of 26.51 and market capitalization is 12.88B.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, October 25th. After $0.18 actual EPS reported by Gentherm Inc for the previous quarter, Wall Street now forecasts 188.89% EPS growth. The company had revenue of $691.00 million during the quarter, compared to analysts' expectations of $691.61 million. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. Banque Pictet & Cie owns 0.15% invested in Citrix Systems, Inc. About shares traded. Citrix Systems, Inc.
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The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued. The Stock now has a Weekly Volatility of 2.65% and Monthly Volatility of 1.95%. The stock was sold at an average price of $90.00, for a total value of $213,660.00. Boston Prtnrs owns 40,831 shares. (NASDAQ:CTXS) for 7,226 shares. The shares were sold at an average price of $86.61, for a total value of $64,351.23. Following the completion of the transaction, the chief executive officer now owns 306,777 shares in the company, valued at approximately $25,845,962.25.
Several large investors have recently modified their holdings of the company. Parametric Portfolio Associates Llc acquired 61,115 shares as Citrix Systems Inc (CTXS)'s stock rose 2.84%. California Public Employees Retirement System now owns 399,273 shares of the cloud computing company's stock worth $30,672,000 after purchasing an additional 20,873 shares during the period. 51 funds opened positions while 150 raised stakes. Arrowstreet Capital, Limited Partnership now owns 865,162 shares worth $66,462,000.
Dimensional Fund Advisors Lp says it bought 11,005 shares in quarter ending 09/30/2017 increasing its stake in Citrix Systems Inc (CTXS) by 2.0%. First Republic Investment Management Inc. now owns 16,245 shares of the cloud computing company's stock worth $1,248,000 after acquiring an additional 726 shares during the period. That value represents a market adjusting for revenues that have been growing by 3.32 % on a quarterly year/year basis as of the company's last quarterly report. Citrix Systems Inc. The stock has a 50-day moving average of $88.08 and a 200-day moving average of $85.78. Asset Management One Co. Finally, Spot Trading L.L.C. acquired a new stake in shares of Citrix Systems during the first quarter worth about $246,000. Hedge funds and other institutional investors own 93.33% of the company's stock. The Company's Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.