Piedmont Investment Advisors Inc. trimmed its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 20.8% in the first quarter, HoldingsChannel.com reports. The firm owned 57,794 shares of the cloud computing company’s stock after selling 15,189 shares during the quarter. Piedmont Investment Advisors Inc.’s holdings in Citrix Systems were worth $5,760,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pearl River Capital LLC acquired a new stake in shares of Citrix Systems during the 4th quarter valued at $26,000. Strategy Asset Managers LLC acquired a new stake in shares of Citrix Systems during the 1st quarter valued at $25,000. Smart Portfolios LLC acquired a new stake in shares of Citrix Systems during the 4th quarter valued at $29,000. CWM LLC lifted its position in shares of Citrix Systems by 43.4% during the 4th quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock valued at $33,000 after acquiring an additional 98 shares during the last quarter. Finally, Essex Savings Bank acquired a new stake in shares of Citrix Systems during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 97.68% of the company’s stock.
In other news, CEO David J. Henshall sold 4,298 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $101.00, for a total value of $434,098.00. Following the transaction, the chief executive officer now directly owns 378,327 shares of the company’s stock, valued at $38,211,027. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul J. Hough sold 2,461 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $100.00, for a total transaction of $246,100.00. Following the completion of the transaction, the executive vice president now directly owns 64,173 shares in the company, valued at $6,417,300. The disclosure for this sale can be found here. Insiders sold 16,221 shares of company stock worth $1,638,344 over the last ninety days. 0.54% of the stock is currently owned by company insiders.
NASDAQ:CTXS traded down $0.83 during trading hours on Thursday, hitting $95.30. 99,783 shares of the stock traded hands, compared to its average volume of 1,820,045. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. Citrix Systems, Inc. has a fifty-two week low of $94.17 and a fifty-two week high of $116.82. The company has a market cap of $12.59 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.70 and a beta of 1.00.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, April 24th. The cloud computing company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.41. Citrix Systems had a net margin of 18.08% and a return on equity of 94.77%. The company had revenue of $719.14 million for the quarter, compared to the consensus estimate of $707.78 million. During the same period in the previous year, the business earned $1.29 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Citrix Systems, Inc. will post 4.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, June 6th. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.
A number of equities research analysts have recently commented on CTXS shares. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Wedbush cut their target price on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a research note on Wednesday, January 23rd. ValuEngine downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, Zacks Investment Research downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $114.30.
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About Citrix Systems
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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