PNC Financial Services Group Inc. lifted its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,625 shares of the cloud computing company’s stock after acquiring an additional 1,273 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Citrix Systems were worth $1,704,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc increased its position in Citrix Systems by 3.5% during the third quarter. Vanguard Group Inc now owns 14,060,558 shares of the cloud computing company’s stock valued at $1,562,972,000 after acquiring an additional 472,583 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Citrix Systems by 8,930.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,459,674 shares of the cloud computing company’s stock valued at $44,000 after buying an additional 4,410,291 shares in the last quarter. Man Group plc grew its holdings in shares of Citrix Systems by 11.9% during the third quarter. Man Group plc now owns 1,898,908 shares of the cloud computing company’s stock valued at $211,082,000 after buying an additional 201,851 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Citrix Systems by 1.7% during the third quarter. AQR Capital Management LLC now owns 743,924 shares of the cloud computing company’s stock valued at $82,695,000 after buying an additional 12,517 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Citrix Systems by 0.9% during the third quarter. Legal & General Group Plc now owns 691,087 shares of the cloud computing company’s stock valued at $76,820,000 after buying an additional 6,200 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.
A number of research analysts have recently weighed in 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 cut 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 reduced their price objective on Citrix Systems from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $113.77.
In other news, EVP Timothy A. Minahan sold 1,836 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $100.55, for a total value of $184,609.80. Following the sale, the executive vice president now directly owns 46,074 shares in the company, valued at approximately $4,632,740.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark J. Ferrer sold 1,388 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $100.14, for a total value of $138,994.32. Following the sale, the executive vice president now owns 60,809 shares in the company, valued at $6,089,413.26. The disclosure for this sale can be found here. Insiders have sold 26,071 shares of company stock worth $2,711,264 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.
NASDAQ CTXS opened at $101.59 on Monday. Citrix Systems, Inc. has a twelve month low of $90.32 and a twelve month high of $116.82. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. The stock has a market cap of $13.29 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 2.66 and a beta of 1.02.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The business had revenue of $802.00 million during the quarter, compared to analysts’ expectations of $791.27 million. During the same quarter in the previous year, the firm earned $1.66 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that Citrix Systems, Inc. will post 4.58 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.40 annualized dividend and a yield of 1.38%. Citrix Systems’s dividend payout ratio is 30.57%.
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Citrix Systems Company Profile
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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