Korea Investment CORP increased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,462 shares of the cloud computing company’s stock after buying an additional 2,314 shares during the period. Korea Investment CORP owned 0.06% of Citrix Systems worth $7,003,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CTXS. NuWave Investment Management LLC acquired a new position in Citrix Systems during the 4th quarter valued at about $107,000. Advisory Services Network LLC boosted its stake 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 valued at $130,000 after purchasing an additional 1,148 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in Citrix Systems during the 4th quarter valued at about $172,000. Itau Unibanco Holding S.A. boosted its stake 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 valued at $184,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Rational Advisors LLC acquired a new position in Citrix Systems during the 4th quarter valued at about $194,000. Institutional investors own 98.77% of the company’s stock.
Shares of NASDAQ CTXS opened at $106.56 on Friday. Citrix Systems, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42. The company has a market capitalization of $14.44 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.76 and a beta of 1.29. 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 announced its earnings results on Wednesday, April 25th. The cloud computing company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.24. Citrix Systems had a return on equity of 49.52% and a net margin of 3.35%. The firm had revenue of $697.19 million for the quarter, compared to the consensus estimate of $675.57 million. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. analysts forecast that Citrix Systems, Inc. will post 4.27 EPS for the current fiscal year.
A number of equities analysts have issued reports on CTXS shares. Citigroup lifted their price target on Citrix Systems from $94.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, April 20th. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Tuesday, April 3rd. Berenberg Bank downgraded Citrix Systems from a “buy” rating to a “hold” rating and set a $107.00 price target for the company. in a research note on Thursday, April 26th. They noted that the move was a valuation call. Mizuho lifted their price target on Citrix Systems to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 26th. Finally, ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. Citrix Systems presently has an average rating of “Buy” and an average price target of $102.31.
In other news, Chairman Robert Calderoni sold 2,655 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $91.64, for a total value of $243,304.20. Following the transaction, the chairman now owns 163,435 shares in the company, valued at approximately $14,977,183.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $103.46, for a total value of $1,293,250.00. Following the completion of the transaction, the chief executive officer now owns 353,733 shares in the company, valued at approximately $36,597,216.18. The disclosure for this sale can be found here. Insiders sold a total of 99,144 shares of company stock worth $9,726,440 in the last 90 days. Company 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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