Published: Thu, March 16, 2017
Money | By Oscar Reynolds

Citrix may be for sale, but who's buying?

Citrix may be for sale, but who's buying?

In other Citrix Systems news, CMO Timothy A. Minahan sold 14,886 shares of the business's stock in a transaction on Monday, March 13th. The company's quarterly revenue was up.4% compared to the same quarter a year ago. The cloud computing company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.49 by $0.12. During the same period in the previous year, the company earned $1.50 EPS.

Citrix, which has a market cap of $13.2 billion and has hired Goldman Sachs Group to assist it in the process, had earlier looked at selling itself in the past, before spinning-off and selling smaller business units, the report said. 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.

Citrix Systems, Inc. (NASDAQ:CTXS)'s growth estimate is -19.5 percent for the current quarter.

Bank of America (Merrill Lynch) has downgraded Citrix Systems Inc. The stock's quarterly performance indicates a Positive momentum of 15.32 percent, whereas its last one month trend is Optimistic with 4.42 percent.

The Company now has Insider ownership of 0.6 Percent and Institutional Ownership of 96.5 Percent. Citrix Systems had a net margin of 15.68% and a return on equity of 31.96%.

The latest Insider trade was made on 27 Feb 2017 where Demo (Murray J) Director did a transaction type "Sell" in which 1000 shares were traded at a price of $79.47.

Several large investors have recently modified their holdings of CTXS. CFO4Life L.P. raised its position in Citrix Systems by 2.0% in the third quarter. Global X Management Co. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & worldwide trademark and copyright laws. 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. Raymond James Trust N.A. now owns 3,035 shares of the cloud computing company's stock worth $259,000 after buying an additional 122 shares during the period. Raymond James Trust N.A. increased its stake in shares of Citrix Systems by 4.2% in the third quarter.

Founded in 1989 by Ed Iacobucci, California-based Citrix is a multinational software company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. The Company's Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

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