Teachers Retirement System of The State of Kentucky trimmed its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,600 shares of the cloud computing company’s stock after selling 1,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Citrix Systems were worth $1,461,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CTXS. NuWave Investment Management LLC acquired a new stake in Citrix Systems during the 4th quarter worth about $107,000. Advisory Services Network LLC grew its holdings in Citrix Systems by 346.8% during the 4th quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock worth $130,000 after acquiring an additional 1,148 shares during the period. Icon Wealth Partners LLC acquired a new stake in Citrix Systems during the 4th quarter worth about $172,000. Grove Bank & Trust grew its holdings in Citrix Systems by 50.0% during the 3rd quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock worth $177,000 after acquiring an additional 768 shares during the period. Finally, Itau Unibanco Holding S.A. grew its holdings in Citrix Systems by 197.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,090 shares of the cloud computing company’s stock worth $184,000 after acquiring an additional 1,388 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.
In other news, insider Robert Calderoni sold 62,237 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $95.78, for a total transaction of $5,961,059.86. Following the transaction, the insider now owns 208,112 shares of the company’s stock, valued at approximately $19,932,967.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total transaction of $222,250.00. Following the transaction, the chief financial officer now directly owns 36,012 shares in the company, valued at approximately $3,201,466.80. The disclosure for this sale can be found here. Insiders have sold a total of 77,237 shares of company stock worth $7,341,060 in the last three months. Insiders own 0.44% of the company’s stock.
A number of brokerages have weighed in on CTXS. ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Sanford C. Bernstein increased their price target on Citrix Systems from $95.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley increased their price target on Citrix Systems from $82.00 to $84.00 and gave the stock an “underweight” rating in a report on Thursday, February 1st. Finally, Bank of America increased their price target on Citrix Systems from $91.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Citrix Systems currently has a consensus rating of “Hold” and an average target price of $91.31.
CTXS stock opened at $94.55 on Wednesday. The stock has a market cap of $12,870.33, a PE ratio of -393.96, a PEG ratio of 2.98 and a beta of 1.29. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.14. Citrix Systems, Inc. has a 1 year low of $73.33 and a 1 year high of $96.96.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.06. The company had revenue of $777.90 million for the quarter, compared to analysts’ expectations of $778.49 million. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 EPS. research analysts forecast that Citrix Systems, Inc. will post 3.91 earnings per share for the current fiscal year.
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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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