Citrix Systems Inc (CTXS) Receives a Hold from Wedbush

By Ryan Adsit

In a report released today, Daniel Ives from Wedbush maintained a Hold rating on Citrix Systems Inc (CTXSResearch Report), with a price target of $92.00. The company’s shares closed last Monday at $107.77.

According to TipRanks.com, Ives is a 3-star analyst with an average return of 2.1% and a 50.4% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Verint Systems Inc.

Citrix Systems Inc has an analyst consensus of Moderate Sell, with a price target consensus of $80.00.

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The company has a one-year high of $112.27 and a one-year low of $90.28. Currently, Citrix Systems Inc has an average volume of 2.01M.

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.