Barclays analyst Raimo Lenschow maintained a Hold rating on Citrix Systems Inc (CTXS) today and set a price target of $105.00. The company’s shares closed last Monday at $104.73.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.2% and a 71.4% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Slack Technologies Inc, and Cornerstone Ondemand.
Citrix Systems Inc has an analyst consensus of Moderate Sell, with a price target consensus of $92.33, which is a -14.6% downside from current levels. In a report released today, Wedbush also maintained a Hold rating on the stock with a $92.00 price target.
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Based on Citrix Systems Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $271 million. In comparison, last year the company had a net profit of $159 million.
Based on the recent corporate insider activity of 155 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTXS in relation to earlier this year.
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Citrix Systems, Inc. engages in the design, development, and marketing of information technology solutions. It provides digital workspace that unifies apps, data, and services. It markets and licenses its products directly to customers through web, systems integrators, value-added resellers, and service providers.
