On Thursday, shares of Citrix Systems, Inc. (NASDAQ:CTXS) marked $126.65 per share versus a previous $136.36 closing price. With having a -7.12% loss, an insight into the fundamental values of Citrix Systems, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. CTXS showed a rise of 14.20% within its YTD performance, with highs and lows between $100.31 – $173.56 during the period of 52 weeks, compared to the simple moving average of -6.94% in the period of the last 200 days.
UBS equity researchers changed the status of Citrix Systems, Inc. (NASDAQ: CTXS) shares to a “Neutral” rating in the report published on October 14th, 2020. Other analysts, including Barclays, also published their reports on CTXS shares. Barclays repeated the rating from the previous report, marking CTXS under “Overweight” rating, in the report published on July 20th, 2020. Additionally, CTXS shares got another “Overweight” rating from Morgan Stanley, setting a target price of $160 on the company’s shares, according to the report published in March 25th, 2020. On March 17th, 2020, Raymond James Upgrade an Outperform rating and increased its price target to $124. On the other hand, William Blair Upgrade the “Outperform” rating for CTXS shares, as published in the report on March 13th, 2020. Morgan Stanley seems to be going bullish on the price of CTXS shares, based on the price prediction for CTXS, indicating that the shares will jump from $113 to $139, giving the shares “Equal-Weight” rating based on their report from February 19th, 2020. Another “Hold” rating came from Jefferies, providing a prediction for $139 price target according to the report published in October 29th, 2019.
[bold-text]Citrix Systems, Inc. (CTXS) Analysis[/bold-text]
The present dividend yield for CTXS owners is set at 0.01, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Citrix Systems, Inc., the company needs to provide a healthy cash flow, currently at the value of 18.87. In addition, the growth of sales from quarter to quarter is recording 6.70%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Citrix Systems, Inc. (CTXS) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 249.50% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.80 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while CTXS is currently recording an average of 1.43M in volumes. The volatility of the stock on monthly basis is set at 2.68%, while the weekly volatility levels are marked at 3.62%with -8.83% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $166.57, indicating growth from the present price of $126.65, which can represent yet another valuable research and analysis points that can help you decide whether to invest in CTXS or pass.
[bold-text]What to Look for When Analyzing Citrix Systems, Inc. Shares?[/bold-text]
Citrix Systems, Inc. (CTXS) is based in the USA and it represents one of the well-known company operating with Technology sector. If you wish to compare CTXS shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 21.41 for Citrix Systems, Inc., while the value 20.46 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 5.92 is supported by the yearly EPS growth of 33.70%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.90%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 97.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in CTXS Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in CTXS in the recent period. That is how SSgA Funds Management, Inc. now has an increase position in CTXS by 2.17% in the first quarter, owning 5.86 million shares of CTXS stocks, with the value of $806.39 million after the purchase of an additional 124,252 shares during the last quarter. In the meanwhile, SRS Investment Management LLC also increased their stake in CTXS shares changed 25.73% in the first quarter, which means that the company now owns 3.71 million shares of company, all valued at $510.42 million after the acquisition of additional 758,602 shares during the last quarter.
First Trust Advisors LP acquired a new position in Citrix Systems, Inc. during the first quarter, with the value of $423.55 million, and T. Rowe Price Associates, Inc. increased their stake in the company’s shares by 251.43% in the first quarter, now owning 1,837,942 shares valued at $353.77 million after the acquisition of the additional 2.57 million shares during the last quarter. In the end, Geode Capital Management LLC increased their position by 20.35% during the first quarter, now owning 2.08 million CTXS shares, now holding the value of $286.17 million in CTXS with the purchase of the additional 64,141 shares during the period of the last quarter. At the present, 97.00% of CTXS shares are in the ownership of institutional investors.