Shell Asset Management Co. boosted its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 51.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,805 shares of the cloud computing company’s stock after buying an additional 13,827 shares during the period. Shell Asset Management Co.’s holdings in Citrix Systems were worth $3,591,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings 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 during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Citrix Systems by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,305 shares of the cloud computing company’s stock valued at $422,000 after acquiring an additional 322 shares during the last quarter. Intl Fcstone Inc. acquired a new stake in Citrix Systems in the 2nd quarter valued at about $471,000. Quantitative Systematic Strategies LLC acquired a new stake in Citrix Systems in the 3rd quarter valued at about $251,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Citrix Systems by 23.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,940 shares of the cloud computing company’s stock valued at $5,143,000 after acquiring an additional 12,854 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Stifel Nicolaus cut their price target on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 26th. Bank of America upped their price objective on shares of Citrix Systems from $91.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. BidaskClub raised shares of Citrix Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Mizuho reaffirmed a “buy” rating and set a $101.00 price objective (up from $92.00) on shares of Citrix Systems in a research note on Wednesday, January 17th. Finally, Barclays lowered shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.31.
In other news, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $88.31, for a total value of $1,103,875.00. Following the transaction, the chief executive officer now owns 294,277 shares in the company, valued at approximately $25,987,601.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark M. Coyle sold 2,500 shares of the company’s stock in a transaction dated 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 transaction, 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. Insiders sold a total of 27,500 shares of company stock worth $2,483,875 in the last quarter. 0.44% of the stock is owned by corporate insiders.
Citrix Systems, Inc. (NASDAQ CTXS) opened at $91.78 on Wednesday. The firm has a market capitalization of $12,418.31, a PE ratio of -382.42, a PEG ratio of 2.90 and a beta of 1.34. Citrix Systems, Inc. has a twelve month low of $73.33 and a twelve month high of $95.00. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.14.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.06. The company had revenue of $777.90 million for the quarter, compared to the consensus estimate of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. sell-side analysts forecast that Citrix Systems, Inc. will post 3.88 earnings per share for the current fiscal year.
Citrix Systems declared that its Board of Directors 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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Citrix Systems Company 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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