Dynamic Technology Lab Private Ltd bought a new stake in Citrix Systems, Inc. (NASDAQ:CTXS) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,094 shares of the cloud computing company’s stock, valued at approximately $658,000.
Other institutional investors have also recently made changes to their positions in the company. American International Group Inc. increased its position in shares of Citrix Systems by 9.3% during the 4th quarter. American International Group Inc. now owns 64,514 shares of the cloud computing company’s stock worth $5,677,000 after purchasing an additional 5,484 shares during the last quarter. Sciencast Management LP acquired a new position in shares of Citrix Systems during the 4th quarter worth approximately $243,000. Burney Co. acquired a new position in shares of Citrix Systems during the 4th quarter worth approximately $239,000. Icon Wealth Partners LLC acquired a new position in shares of Citrix Systems during the 4th quarter worth approximately $172,000. Finally, Maverick Capital Ltd. increased its position in shares of Citrix Systems by 63.1% during the 4th quarter. Maverick Capital Ltd. now owns 70,960 shares of the cloud computing company’s stock worth $6,244,000 after purchasing an additional 27,450 shares during the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on CTXS. Zacks Investment Research raised Citrix Systems from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a research report on Tuesday, May 1st. Stifel Nicolaus boosted their price target on Citrix Systems from $88.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, April 26th. Mizuho reaffirmed a “buy” rating on shares of Citrix Systems in a research report on Wednesday, May 9th. Morgan Stanley lifted their target price on Citrix Systems from $84.00 to $92.00 and gave the stock an “underweight” rating in a research note on Thursday, April 26th. Finally, BidaskClub downgraded Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $103.44.
In related news, SVP Rotterdam Jeroen Van sold 4,618 shares of the business’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $91.89, for a total value of $424,348.02. Following the completion of the sale, the senior vice president now directly owns 77,417 shares in the company, valued at approximately $7,113,848.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy A. Minahan sold 11,688 shares of the business’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 completion of the sale, the senior vice president now owns 69,384 shares of the company’s stock, valued at $7,288,789.20. The disclosure for this sale can be found here. Insiders sold a total of 49,035 shares of company stock valued at $5,050,793 over the last 90 days. 0.56% of the stock is currently owned by corporate insiders.
Shares of NASDAQ CTXS opened at $104.84 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 4.08. Citrix Systems, Inc. has a 12 month low of $73.33 and a 12 month high of $109.43. The company has a market cap of $13.90 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 2.66 and a beta of 1.28.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, April 25th. The cloud computing company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.24. Citrix Systems had a return on equity of 49.52% and a net margin of 3.35%. The company had revenue of $697.19 million during the quarter, compared to the consensus estimate of $675.57 million. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts expect that Citrix Systems, Inc. will post 4.27 EPS for the current year.
About Citrix Systems
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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