Old Mutual Global Investors UK Ltd. cut its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 87.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 121,425 shares of the cloud computing company’s stock after selling 822,272 shares during the quarter. Old Mutual Global Investors UK Ltd. owned about 0.08% of Citrix Systems worth $10,685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BT Investment Management Ltd lifted its stake in Citrix Systems by 11.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock valued at $101,020,000 after acquiring an additional 138,032 shares in the last quarter. Profit Investment Management LLC lifted its stake in Citrix Systems by 43.4% in the 3rd quarter. Profit Investment Management LLC now owns 16,092 shares of the cloud computing company’s stock valued at $1,236,000 after acquiring an additional 4,867 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Citrix Systems by 14.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock valued at $43,360,000 after acquiring an additional 68,506 shares in the last quarter. PGGM Investments lifted its stake in Citrix Systems by 25.3% in the 3rd quarter. PGGM Investments now owns 468,106 shares of the cloud computing company’s stock valued at $35,960,000 after acquiring an additional 94,592 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Citrix Systems in the 3rd quarter valued at approximately $18,414,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.
In related news, insider Robert Calderoni sold 60,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $85.61, for a total value of $5,136,600.00. Following the sale, the insider now owns 178,706 shares in the company, valued at approximately $15,299,020.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total value of $222,250.00. Following the completion of the sale, the chief financial officer now owns 36,012 shares in the company, valued at approximately $3,201,466.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,500 shares of company stock worth $7,620,475. Company insiders own 0.44% of the company’s stock.
Shares of Citrix Systems, Inc. (CTXS) opened at $89.44 on Thursday. Citrix Systems, Inc. has a 12 month low of $73.33 and a 12 month high of $95.00. The stock has a market capitalization of $13,089.17, a P/E ratio of -372.67, a PEG ratio of 2.76 and a beta of 1.34. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.55 and a current ratio of 1.55.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The company had revenue of $777.90 million for the quarter, compared to analysts’ expectations of $778.49 million. During the same quarter in the prior year, the business posted $1.61 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. research analysts forecast that Citrix Systems, Inc. will post 3.88 earnings per share for the current year.
Citrix Systems announced that its board has authorized a share repurchase plan on Monday, November 13th that allows the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization allows the cloud computing company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Several equities research analysts have commented on the company. Mizuho restated a “buy” rating and issued a $101.00 target price on shares of Citrix Systems in a research note on Wednesday, January 31st. Bank of America boosted their target price on Citrix Systems from $91.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Stifel Nicolaus boosted their target price on Citrix Systems from $86.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Sanford C. Bernstein boosted their target price on Citrix Systems from $95.00 to $106.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Morgan Stanley boosted their target price on Citrix Systems from $82.00 to $84.00 and gave the company an “underweight” rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $91.31.
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Citrix Systems Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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