Oregon Public Employees Retirement Fund cut its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 54.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,343 shares of the cloud computing company’s stock after selling 18,322 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Citrix Systems were worth $1,506,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of Citrix Systems by 25.9% during the 1st quarter. First Trust Advisors LP now owns 3,073,877 shares of the cloud computing company’s stock valued at $306,343,000 after buying an additional 632,553 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of Citrix Systems by 1.4% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,021,171 shares of the cloud computing company’s stock valued at $201,429,000 after buying an additional 28,163 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Citrix Systems by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,986,493 shares of the cloud computing company’s stock valued at $203,231,000 after buying an additional 103,540 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Citrix Systems by 694.1% during the 1st quarter. Nordea Investment Management AB now owns 1,220,537 shares of the cloud computing company’s stock valued at $121,638,000 after buying an additional 1,066,829 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Citrix Systems by 20.4% during the 1st quarter. California Public Employees Retirement System now owns 942,031 shares of the cloud computing company’s stock valued at $93,883,000 after buying an additional 159,447 shares during the period. 97.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:CTXS traded down $1.46 during midday trading on Monday, hitting $92.08. The company had a trading volume of 26,814 shares, compared to its average volume of 2,252,780. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market cap of $12.31 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 3.36 and a beta of 1.01. Citrix Systems, Inc. has a 12-month low of $93.12 and a 12-month high of $114.55. The business has a fifty day simple moving average of $98.59.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, July 24th. The cloud computing company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.94 by $0.27. The firm had revenue of $748.70 million during the quarter, compared to analyst estimates of $772.00 million. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. Citrix Systems’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 EPS. On average, equities analysts expect that Citrix Systems, Inc. will post 3.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.52%. Citrix Systems’s dividend payout ratio (DPR) is 30.57%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Citrix Systems from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Wedbush reissued a “hold” rating and set a $95.00 price target on shares of Citrix Systems in a report on Thursday, July 25th. Deutsche Bank raised Citrix Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $110.00 to $120.00 in a report on Thursday, June 6th. ValuEngine cut Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Morgan Stanley lowered their price target on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $110.25.
In other news, CEO David J. Henshall sold 6,353 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $99.44, for a total value of $631,742.32. Following the completion of the sale, the chief executive officer now directly owns 368,156 shares in the company, valued at approximately $36,609,432.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark J. Ferrer sold 1,224 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $95.00, for a total value of $116,280.00. Following the completion of the sale, the executive vice president now owns 70,348 shares of the company’s stock, valued at $6,683,060. The disclosure for this sale can be found here. Insiders sold a total of 11,944 shares of company stock valued at $1,158,477 over the last 90 days. 0.54% of the stock is currently owned by company insiders.
Citrix Systems Company Profile
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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