Fiera Capital Corp boosted its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 12.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,935 shares of the cloud computing company’s stock after buying an additional 1,898 shares during the period. Fiera Capital Corp’s holdings in Citrix Systems were worth $2,398,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in CTXS. Norges Bank bought a new position in Citrix Systems in the 4th quarter valued at about $140,439,000. Alliancebernstein L.P. boosted its position in shares of Citrix Systems by 53.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,644,507 shares of the cloud computing company’s stock valued at $182,376,000 after purchasing an additional 574,790 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Citrix Systems during the 4th quarter valued at about $58,432,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of Citrix Systems by 95.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,055,751 shares of the cloud computing company’s stock valued at $117,094,000 after purchasing an additional 514,705 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Citrix Systems during the 1st quarter valued at about $55,960,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.
Several equities analysts have recently weighed in on CTXS shares. Jefferies Financial Group raised their price objective on shares of Citrix Systems from $110.00 to $140.00 in a research report on Friday, April 24th. Morgan Stanley raised their price objective on shares of Citrix Systems from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. BidaskClub lowered shares of Citrix Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Cfra lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating and set a $109.00 price objective for the company. in a research report on Thursday, May 7th. Finally, William Blair upgraded shares of Citrix Systems from a “market perform” rating to an “outperform” rating in a report on Friday, March 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Citrix Systems presently has a consensus rating of “Hold” and an average target price of $144.25.
Shares of CTXS opened at $137.04 on Friday. The company has a 50-day moving average of $144.92 and a two-hundred day moving average of $123.12. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 4.29 and a beta of 0.33. Citrix Systems, Inc. has a one year low of $90.28 and a one year high of $155.10.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Thursday, April 23rd. The cloud computing company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.56. The business had revenue of $860.95 million during the quarter, compared to analyst estimates of $734.29 million. Citrix Systems had a net margin of 23.88% and a return on equity of 132.00%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 earnings per share. Analysts anticipate that Citrix Systems, Inc. will post 3.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, June 4th. Citrix Systems’s dividend payout ratio (DPR) is 33.90%.
In other news, CMO Timothy A. Minahan sold 5,110 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $137.86, for a total value of $704,464.60. Following the completion of the sale, the chief marketing officer now directly owns 65,326 shares of the company’s stock, valued at $9,005,842.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rotterdam Jeroen Van sold 8,386 shares of the stock in a transaction that occurred on Friday, April 3rd. The stock was sold at an average price of $142.01, for a total transaction of $1,190,895.86. Following the completion of the sale, the executive vice president now directly owns 49,926 shares of the company’s stock, valued at $7,089,991.26. The disclosure for this sale can be found here. Insiders sold 41,903 shares of company stock valued at $5,983,006 over the last three months. 0.54% of the stock is owned by insiders.
Citrix Systems 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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