Cambridge Trust Co. lessened its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 13.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,082 shares of the cloud computing company’s stock after selling 2,025 shares during the period. Cambridge Trust Co.’s holdings in Citrix Systems were worth $1,340,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc increased its stake in Citrix Systems by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 14,060,558 shares of the cloud computing company’s stock worth $1,562,972,000 after buying an additional 472,583 shares in the last quarter. First Trust Advisors LP increased its stake in Citrix Systems by 7.5% in the 3rd quarter. First Trust Advisors LP now owns 3,021,416 shares of the cloud computing company’s stock worth $335,861,000 after buying an additional 209,493 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Citrix Systems by 14.6% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,280,058 shares of the cloud computing company’s stock worth $253,451,000 after buying an additional 291,119 shares in the last quarter. Man Group plc increased its stake in Citrix Systems by 11.9% in the 3rd quarter. Man Group plc now owns 1,898,908 shares of the cloud computing company’s stock worth $211,082,000 after buying an additional 201,851 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Citrix Systems by 61.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 985,368 shares of the cloud computing company’s stock worth $109,199,000 after buying an additional 373,415 shares in the last quarter. Institutional investors and hedge funds own 99.21% of the company’s stock.
CTXS opened at $104.96 on Friday. Citrix Systems, Inc. has a 52 week low of $83.70 and a 52 week high of $116.82. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 2.80 and a beta of 1.06. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 1.35.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.59 by $0.08. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The business had revenue of $802.00 million during the quarter, compared to the consensus estimate of $791.27 million. During the same quarter in the prior year, the firm earned $1.66 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts forecast that Citrix Systems, Inc. will post 4.58 EPS for the current fiscal year.
Citrix Systems declared that its Board of Directors has approved a share buyback plan on Wednesday, October 24th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the cloud computing company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 7th. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.
In related news, insider Robert Calderoni sold 17,353 shares of the stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $105.02, for a total value of $1,822,412.06. Following the completion of the transaction, the insider now owns 92,141 shares of the company’s stock, valued at approximately $9,676,647.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark J. Ferrer sold 1,388 shares of the stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $107.41, for a total transaction of $149,085.08. Following the completion of the transaction, the executive vice president now directly owns 62,013 shares of the company’s stock, valued at approximately $6,660,816.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,973 shares of company stock valued at $3,693,541. 0.56% of the stock is owned by insiders.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research note on Tuesday, December 18th. Finally, TheStreet upgraded Citrix Systems from a “c+” rating to a “b” rating in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $113.77.
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About Citrix Systems
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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