Royal London Asset Management Ltd. reduced its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,001 shares of the cloud computing company’s stock after selling 1,861 shares during the period. Royal London Asset Management Ltd.’s holdings in Citrix Systems were worth $5,300,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CTXS. Strategy Asset Managers LLC acquired a new position in shares of Citrix Systems during the first quarter valued at about $25,000. Guinness Asset Management Ltd grew its holdings in shares of Citrix Systems by 83.8% during the second quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock valued at $28,000 after buying an additional 134 shares during the last quarter. Glassman Wealth Services grew its holdings in shares of Citrix Systems by 46.5% during the first quarter. Glassman Wealth Services now owns 334 shares of the cloud computing company’s stock valued at $33,000 after buying an additional 106 shares during the last quarter. Braun Bostich & Associates Inc. grew its holdings in shares of Citrix Systems by 1,845.0% during the first quarter. Braun Bostich & Associates Inc. now owns 389 shares of the cloud computing company’s stock valued at $39,000 after buying an additional 369 shares during the last quarter. Finally, MV Capital Management Inc. grew its holdings in shares of Citrix Systems by 34.8% during the first quarter. MV Capital Management Inc. now owns 476 shares of the cloud computing company’s stock valued at $47,000 after buying an additional 123 shares during the last quarter. 97.69% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Mark J. Ferrer sold 1,224 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $95.00, for a total value of $116,280.00. Following the transaction, the executive vice president now owns 70,348 shares of the company’s stock, valued at approximately $6,683,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rotterdam Jeroen Van sold 4,288 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $92.06, for a total transaction of $394,753.28. Following the completion of the transaction, the executive vice president now directly owns 63,806 shares in the company, valued at approximately $5,873,980.36. The disclosure for this sale can be found here. Insiders have sold a total of 22,585 shares of company stock worth $2,151,111 in the last ninety days. 0.54% of the stock is currently owned by insiders.
CTXS has been the subject of a number of analyst reports. BidaskClub cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Morgan Stanley reduced their price objective on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a report on Thursday, July 25th. Wedbush reiterated a “hold” rating and set a $95.00 price objective on shares of Citrix Systems in a report on Thursday, July 25th. Deutsche Bank upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $120.00 in a report on Thursday, June 6th. Finally, ValuEngine cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $110.25.
NASDAQ CTXS opened at $91.29 on Thursday. The company has a 50 day simple moving average of $97.10. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 3.28 and a beta of 1.01. Citrix Systems, Inc. has a 12-month low of $90.28 and a 12-month high of $114.55.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.27. The business had revenue of $748.70 million for the quarter, compared to analyst estimates of $772.00 million. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. Citrix Systems’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, equities research analysts expect that Citrix Systems, Inc. will post 3.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, September 5th. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.
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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