Citrix Systems, Inc. (NASDAQ:CTXS – Get Rating) was the recipient of a sharp fall in short-term interest rates in August. As of August 31, short interest totaled 4,780,000 shares, down 12.3% from the August 15 total of 5,450,000 shares. Based on an average trading volume of 1,050,000 shares, the short interest ratio is currently 4.6 days.
Institutional inflows and outflows
Hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd acquired a new interest in Citrix Systems stock valued at approximately $31,000 during the fourth quarter. Prospera Financial Services Inc acquired a new stake in Citrix Systems valued at approximately $31,000 during the first quarter. Private Trust Co. NA acquired a new position in Citrix Systems stock valued at approximately $32,000 during the second quarter. Ronald Blue Trust Inc. acquired a new position in Citrix Systems stock valued at approximately $34,000 during the second quarter. Finally, Richelieu Gestion PLC acquired a new position in Citrix Systems stock valued at approximately $40,000 during the first quarter. Hedge funds and other institutional investors own 87.27% of the company’s shares.
Changes in analyst ratings
Separately, StockNews.com downgraded Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 30. Four research analysts have assigned a sell rating to the stock, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Citrix Systems has a consensus rating of Hold and a consensus price target of $89.80.
Citrix systems fall 0.1%
NASDAQ:CTXS opened at $103.53 on Friday. The 50-day moving average price of the stock is $102.52 and the 200-day moving average price is $100.78. The company has a market cap of $13.14 billion, a P/E of 39.97 and a beta of 0.08. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt to equity ratio of 3.92. Citrix Systems has a 52-week low of $78.07 and a 52-week high of $112.59.
About Citrix systems
Citrix Systems, Inc, an enterprise software company, provides workspaces, 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 that delivers enterprise-class data services to diverse mobile and personal mobile devices; Citrix Analytics for Security, which assesses the behavior of Citrix Virtual Apps and Desktops and Citrix Workspace users and applies measures to protect confidential corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access, which 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 unauthorized apps.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider Citrix Systems, here’s what you should hear.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are softly whispering to their clients to buy now, before the broader market takes hold… and Citrix Systems wasn’t on the list.
While Citrix Systems currently has a “Reduce” rating from analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here