Toronto Dominion Bank lifted its holdings in Citrix Systems (NASDAQ:CTXS) by 5.9% during the first quarter, Holdings Channel reports. The institutional investor owned 754,182 shares of the cloud computing company’s stock after acquiring an additional 42,029 shares during the quarter. Toronto Dominion Bank’s holdings in Citrix Systems were worth $69,972,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. American International Group Inc. lifted its stake in Citrix Systems by 9.3% in the fourth quarter. American International Group Inc. now owns 64,514 shares of the cloud computing company’s stock valued at $5,677,000 after purchasing an additional 5,484 shares during the last quarter. Barings LLC lifted its stake in Citrix Systems by 39.4% in the fourth quarter. Barings LLC now owns 19,122 shares of the cloud computing company’s stock valued at $1,683,000 after purchasing an additional 5,400 shares during the last quarter. Signition LP purchased a new position in Citrix Systems in the fourth quarter valued at approximately $4,383,000. Sciencast Management LP purchased a new position in Citrix Systems in the fourth quarter valued at approximately $243,000. Finally, Norinchukin Bank The raised its holdings in Citrix Systems by 6.8% during the 4th quarter. Norinchukin Bank The now owns 11,445 shares of the cloud computing company’s stock valued at $1,007,000 after acquiring an additional 732 shares during the period. Hedge funds and other institutional investors own 98.77% of the company’s stock.
A number of brokerages have issued reports on CTXS. ValuEngine raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub raised shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 27th. Bank of America boosted their target price on shares of Citrix Systems from $91.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “strong-buy” rating and set a $118.00 target price on the stock in a report on Tuesday, May 1st. Finally, Citigroup boosted their target price on shares of Citrix Systems from $94.00 to $120.00 and gave the company a “buy” rating in a report on Friday, April 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $102.31.
Citrix Systems stock opened at $105.15 on Wednesday. The firm has a market capitalization of $14.31 billion, a PE ratio of 25.40, a PEG ratio of 2.73 and a beta of 1.29. Citrix Systems has a fifty-two week low of $73.33 and a fifty-two week high of $108.42. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 4.08.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, April 25th. The cloud computing company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.24. The firm had revenue of $697.19 million for the quarter, compared to analysts’ expectations of $675.57 million. Citrix Systems had a net margin of 3.35% and a return on equity of 49.52%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. sell-side analysts anticipate that Citrix Systems will post 4.27 earnings per share for the current year.
In other news, SVP Timothy A. Minahan sold 11,688 shares of the company’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $105.05, for a total value of $1,227,824.40. Following the transaction, the senior vice president now owns 69,384 shares of the company’s stock, valued at $7,288,789.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Calderoni sold 2,165 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $103.53, for a total transaction of $224,142.45. Following the completion of the transaction, the insider now directly owns 161,991 shares in the company, valued at approximately $16,770,928.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,144 shares of company stock worth $9,726,440. Insiders own 0.56% of the company’s stock.
Citrix Systems Profile
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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