A Peek At What Citrix Systems Inc. (CTXS) Insiders Are Doing

Citrix Systems Inc. (NASDAQ:CTXS) saw a downside of -3.28% to $91.57 after subtracting -$3.11 on Tuesday. The 5-day average trading volume is 1,724,002 shares of the company’s common stock. It has gained $106.39 in the past week. An average of 1,583,030 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,730,378.

CTXS’s 1-month performance is -11.98% or -$16.08 on its low of $90.69 reached on 10/12/21. The company’s shares have touched a 52-week low of $94.40 and high of $146.94, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, CTXS has lost -27.23% or -$38.61. However, the current price is down -37.68%% from the 52-week high price.

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Insider Transactions

On Oct 01, 11 days have gone by since the last insider trading activity for Citrix Systems Inc. (CTXS). HENSHALL DAVID J (CEO & PRESIDENT) most recently sold 5,450 shares at $107.96 per share on Oct 01. This transaction cost the insider $588,382. EVP, Product Management, Mullapudi Sridhar, sold 690 shares at a price of $102.69 on Sep 07. Then, on Sep 01, EVP & CFO Shenkman Arlen sold 935 shares at a price of $103.22 per share. This transaction amounted to $96,511.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 188.31 and a low of 20.27. CTXS stock has a beta of 0.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.94 while the price-to-book (PB) in the most recent quarter is 40.12, with the price to cash flow ratio at 35.99.

Citrix Systems Inc. pays an annual dividend of $1.48 per share. Its dividend yield is 1.62% and the payout ratio is 48.90%. CTXS’s most recent quarterly dividend payment was made on Sep. 24, when it paid $0.37 a share compared with prior rate of $0.37, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.02 reported on Wednesday January 20 2021.

It is projected that Citrix Systems Inc.’s next ex-dividend date will be on 8-Dec. CTXS is expected to distribute $0.360 as its next dividend.

Citrix Systems Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70 meaning that CTXS stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 11.86, while the total debt to equity was 11.86. In terms of profitability, the gross margin trailing 12 months is 82.10%. The trailing 12-month EBITDA margin is 25.60% while for the period ending June 29; Citrix Systems Inc.’s operating margin was 13.90%. The firm’s gross profit as reported stood at $2.74 billion against revenue of $3.24 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Citrix Systems Inc.’s cash and short-term investments amounted to $19.9 million against total debt of $3.67 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CTXS to announce $1.19 per share in earnings in its latest quarter, but it posted $1.24, representing a 4.20% surprise. EBITDA for the quarter stood at more than $172.81 million. CTXS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.42 billion, with total debt at $3.67 billion. Shareholders hold equity totaling $124.23 million

Technical Picture

Let’s look briefly at Citrix Systems Inc. (CTXS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 13.96% to suggest the stock is trending oversold, with historical volatility in this time period at 28.69%.

The stock’s 5-day moving average is $98.93, reflecting a -14.07% or -$14.98 change from its current price. CTXS is currently trading -16.51% above its 20-day SMA, -20.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.66% and -30.99% respectively.

Stochastic %K and %D was 2.95% and 5.70% and the average true range (ATR) pointed at 3.00. The RSI (14) points at 21.57%, while the 14-day stochastic is at 3.78% with the period’s ATR at 2.79. The stock’s 9-day MACD Oscillator is pointing at -7.74 and -10.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Citrix Systems Inc. (NASDAQ: CTXS), William Blair downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CTXS stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate CTXS as a “sell,”, while 7 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 2 rates the stock as overweight while 1 have offered a “buy” rating.

What is CTXS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $90.00 and a high of $121.00, with their median price target at $111.60. Looking at these predictions, the average price target given by analysts is for Citrix Systems Inc. (CTXS) stock is $109.22.


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