Price Target Analysis: Citrix Systems, Inc. (NASDAQ:CTXS)

Many analysts are providing their Estimated Earnings analysis for Citrix Systems, Inc. and for the current quarter 21 analysts have projected that the stock could give an Average Earnings estimate of $0.95/share. The Next Year EPS growth is 9.2%, Long term annual growth estimate of 11.9%, Annual EPS growth past 5 years of 17.18 percent. Following the completion of the sale, the chief marketing officer now owns 64,566 shares in the company, valued at approximately $5,294,412. (NASDAQ:CTXS) reported its EPS in the last quarter as $1.61/Share beating the analyst estimate of $1.5/Share by the difference of $0.11.

A spokeswoman for Goldman Sachs declined to comment. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 2.43% where SMA50 and SMA200 are 7.5% and 16.61% respectively.

Baird Downgrade its coverage for Citrix Systems, Inc. The average stock price target is $86.08 with five equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, 15 firms rating the stock a hold, 2 analysts rating the company a underperform, and lastly zero analysts rating the company a sell. Institutional investors and hedge funds own 95.94% of the company's stock. Citrix Systems had a return on equity of 31.96% and a net margin of 15.68%.

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On 2/28/2017 Murray J Demo, Director, sold 1,000 with an average share price of $79.47 per share and the total transaction amounting to $79,470.00. The beta, which indicates risk in relegation to the market, remained 1.08.

The company reportedly attempted to persuade Dell to buy it in 2015. If you are viewing this piece on another site, it was stolen and republished in violation of USA & global trademark and copyright laws. LLC increased its stake in shares of Citrix Systems by 57.7% in the third quarter. Finally, Logan Capital Management Inc. raised its position in Citrix Systems by 0.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,976 shares of the cloud computing company's stock worth $339,000 after buying an additional 65 shares during the period. Gateway Investment Advisers LLC now owns 10,826 shares of the cloud computing company's stock worth $923,000 after buying an additional 98 shares during the period.

Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company's workspace services include Application Virtualization and virtual desktop infrastructure (VDI), Enterprise Mobility Management and Citrix Workspace Suite.