Burney Co. cut its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,530 shares of the cloud computing company’s stock after selling 312 shares during the period. Burney Co.’s holdings in Citrix Systems were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. CWM LLC lifted its holdings in shares of Citrix Systems by 43.4% in the fourth quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock valued at $33,000 after purchasing an additional 98 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of Citrix Systems by 0.9% in the fourth quarter. Arcadia Investment Management Corp MI now owns 14,090 shares of the cloud computing company’s stock valued at $1,444,000 after purchasing an additional 130 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Citrix Systems by 3.1% in the fourth quarter. Cerity Partners LLC now owns 4,546 shares of the cloud computing company’s stock valued at $466,000 after purchasing an additional 137 shares in the last quarter. Securian Asset Management Inc lifted its holdings in shares of Citrix Systems by 1.1% in the fourth quarter. Securian Asset Management Inc now owns 13,227 shares of the cloud computing company’s stock valued at $1,355,000 after purchasing an additional 142 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Citrix Systems by 3.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,783 shares of the cloud computing company’s stock valued at $592,000 after purchasing an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.
In other Citrix Systems news, EVP Mark J. Ferrer sold 1,388 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $100.14, for a total transaction of $138,994.32. Following the transaction, the executive vice president now owns 60,809 shares of the company’s stock, valued at $6,089,413.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Calderoni sold 2,136 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $101.03, for a total value of $215,800.08. Following the transaction, the insider now directly owns 109,494 shares in the company, valued at approximately $11,062,178.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,071 shares of company stock worth $2,711,264. Company insiders own 0.56% of the company’s stock.
NASDAQ:CTXS opened at $100.46 on Friday. The stock has a market capitalization of $13.36 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.67 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.71 and a current ratio of 0.72. Citrix Systems, Inc. has a 52-week low of $90.32 and a 52-week high of $116.82.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. The firm had revenue of $802.00 million for the quarter, compared to the consensus estimate of $791.27 million. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 earnings per share. On average, analysts anticipate that Citrix Systems, Inc. will post 4.58 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Thursday, March 7th. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.
A number of analysts have recently commented on the company. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Zacks Investment Research downgraded Citrix Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. TheStreet raised Citrix Systems from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Finally, Wedbush lowered their target price on Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $113.77.
COPYRIGHT VIOLATION WARNING: “Burney Co. Reduces Stake in Citrix Systems, Inc. (CTXS)” was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.fairfieldcurrent.com/news/2019/03/23/citrix-systems-inc-ctxs-position-cut-by-burney-co.html.
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.
Featured Article: FAANG Stocks
Receive News & Ratings for Citrix Systems Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Citrix Systems and related companies with MarketBeat.com’s FREE daily email newsletter.