Achmea Investment Management B.V. lifted its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 114.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,040 shares of the cloud computing company’s stock after purchasing an additional 20,311 shares during the quarter. Achmea Investment Management B.V.’s holdings in Citrix Systems were worth $4,223,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Pictet & Cie SA boosted its holdings in Citrix Systems by 0.5% during the 2nd quarter. Banque Pictet & Cie SA now owns 82,451 shares of the cloud computing company’s stock valued at $8,644,000 after acquiring an additional 450 shares during the period. New Amsterdam Partners LLC NY boosted its holdings in Citrix Systems by 16.5% during the 3rd quarter. New Amsterdam Partners LLC NY now owns 3,825 shares of the cloud computing company’s stock valued at $425,000 after acquiring an additional 541 shares during the period. Commerce Bank boosted its holdings in Citrix Systems by 15.2% during the 3rd quarter. Commerce Bank now owns 4,482 shares of the cloud computing company’s stock valued at $498,000 after acquiring an additional 593 shares during the period. Federated Investors Inc. PA boosted its holdings in Citrix Systems by 14.0% during the 2nd quarter. Federated Investors Inc. PA now owns 5,332 shares of the cloud computing company’s stock valued at $559,000 after acquiring an additional 656 shares during the period. Finally, Cedar Capital LLC boosted its holdings in Citrix Systems by 21.1% during the 2nd quarter. Cedar Capital LLC now owns 3,998 shares of the cloud computing company’s stock valued at $419,000 after acquiring an additional 696 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.
Shares of CTXS opened at $107.01 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $14.29 billion, a PE ratio of 25.85, a P/E/G ratio of 2.65 and a beta of 1.36. Citrix Systems, Inc. has a 1 year low of $83.11 and a 1 year high of $116.82.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.15. The business had revenue of $732.47 million during the quarter, compared to analysts’ expectations of $722.76 million. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. As a group, sell-side analysts expect that Citrix Systems, Inc. will post 4.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, December 6th.
Citrix Systems declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 24th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the cloud computing company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of equities analysts recently commented on the company. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Stifel Nicolaus raised their target price on Citrix Systems from $105.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Morgan Stanley raised their target price on Citrix Systems from $92.00 to $101.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. Robert W. Baird restated a “hold” rating and set a $120.00 target price on shares of Citrix Systems in a report on Thursday, July 26th. Finally, Cowen restated a “hold” rating and set a $120.00 target price on shares of Citrix Systems in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Citrix Systems presently has a consensus rating of “Hold” and an average price target of $113.93.
In other news, Chairman Robert Calderoni sold 2,128 shares of Citrix Systems stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $102.34, for a total value of $217,779.52. Following the completion of the transaction, the chairman now owns 138,772 shares in the company, valued at approximately $14,201,926.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jessica Soisson sold 1,136 shares of Citrix Systems stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $113.78, for a total value of $129,254.08. The disclosure for this sale can be found here. Insiders sold a total of 21,641 shares of company stock valued at $2,315,751 in the last quarter. Company insiders own 0.56% of the company’s stock.
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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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