Employers Holdings Inc. purchased a new stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 900 shares of the cloud computing company’s stock, valued at approximately $88,000.
A number of other large investors have also recently modified their holdings of the stock. First Trust Advisors LP grew its holdings in Citrix Systems by 29.7% during the 2nd quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock valued at $391,221,000 after purchasing an additional 912,477 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in Citrix Systems by 1.4% in 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 boosted its position in Citrix Systems by 5.5% in 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 boosted its position in Citrix Systems by 694.1% in 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, Janus Henderson Group PLC boosted its position in Citrix Systems by 19.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,027,396 shares of the cloud computing company’s stock valued at $100,829,000 after buying an additional 164,427 shares during the period. Institutional investors own 97.69% of the company’s stock.
In other news, EVP Mark J. Ferrer sold 1,224 shares of the company’s stock in a transaction that occurred 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David J. Henshall sold 4,367 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $93.99, for a total transaction of $410,454.33. Following the completion of the sale, the chief executive officer now directly owns 373,960 shares of the company’s stock, valued at approximately $35,148,500.40. The disclosure for this sale can be found here. Insiders sold a total of 28,311 shares of company stock valued at $2,674,467 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.
Shares of CTXS traded up $0.93 during mid-day trading on Friday, hitting $92.44. The company’s stock had a trading volume of 1,905,300 shares, compared to its average volume of 2,840,098. The company’s 50-day moving average is $96.87 and its 200-day moving average is $99.35. Citrix Systems, Inc. has a 52-week low of $90.28 and a 52-week high of $114.55. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 3.28 and a beta of 1.01. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.86.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.27. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. The firm had revenue of $748.70 million during the quarter, compared to analysts’ expectations of $772.00 million. During the same quarter in the prior year, the company earned $1.28 EPS. The company’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Citrix Systems, Inc. will post 3.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a $0.35 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.51%. Citrix Systems’s payout ratio is presently 30.57%.
Several equities research analysts have issued reports on CTXS shares. BidaskClub cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. ValuEngine cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Zacks Investment Research cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Morgan Stanley lowered their price objective on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a research report on Thursday, July 25th. Finally, Deutsche Bank raised shares of Citrix Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $120.00 in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $110.25.
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.
See Also: Return on Equity (ROE)
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