In other Citrix Systems news, CMO Timothy A. Minahan sold 14,886 shares of the company's stock in a transaction that occurred on Monday, March 13th. The company's quarterly revenue was up.4% compared to the same quarter past year. Following the completion of the transaction, the chief marketing officer now owns 64,566 shares of the company's stock, valued at approximately $5,294,412. The difference between the expected and actual EPS was $0.11/share, which represents an Earnings surprise of 7.3%.
In response to these latest rumours, a Citrix spokesman told IT Pro: "As a public company, we do not comment on rumors and speculation". The stock's 50 day moving average price is $77.90 and its 200-day moving average price is $71.53.
In case of Revenue Estimates, 19 analysts have provided their consensus Average Revenue Estimates for Citrix Systems, Inc.as 664.42 Million. Citigroup Inc reduced their price target on shares of Citrix Systems to $113.00 and set a "buy" rating for the company in a research note on Thursday, January 26th. 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. Insiders own 0.48% of the company's stock. The Company showed a positive 15.70% in the net profit margin.
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. In September 2015, it was reported the company had approached both Dell and Silverlake Partners for a possible acquisition deal before hedge fund Elliott Management, an activist investor, began forcing the firm to start selling assets. Global X Management Co. If you are reading this piece on another website, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark law. Raymond James Trust N.A. increased its position in Citrix Systems by 4.2% 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. LLC now owns 2,751 shares of the cloud computing company's stock worth $234,000 after buying an additional 1,006 shares during the period. CFO4Life L.P. now owns 3,994 shares of the cloud computing company's stock worth $340,000 after buying an additional 78 shares during the period.
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.