New York State Common Retirement Fund increased its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,071 shares of the cloud computing company’s stock after purchasing an additional 7,755 shares during the period. New York State Common Retirement Fund owned 0.28% of Citrix Systems worth $38,840,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CTXS. California Public Employees Retirement System grew its holdings in shares of Citrix Systems by 26.6% during the 4th quarter. California Public Employees Retirement System now owns 782,584 shares of the cloud computing company’s stock valued at $80,184,000 after acquiring an additional 164,301 shares in the last quarter. Unigestion Holding SA boosted its holdings in Citrix Systems by 60.3% in the fourth quarter. Unigestion Holding SA now owns 25,366 shares of the cloud computing company’s stock worth $2,599,000 after purchasing an additional 9,540 shares in the last quarter. Norinchukin Bank The boosted its holdings in Citrix Systems by 43.8% in the fourth quarter. Norinchukin Bank The now owns 23,835 shares of the cloud computing company’s stock worth $2,442,000 after purchasing an additional 7,260 shares in the last quarter. 361 Capital LLC bought a new stake in Citrix Systems in the fourth quarter worth $1,088,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Citrix Systems by 8.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,625 shares of the cloud computing company’s stock worth $1,704,000 after purchasing an additional 1,273 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on CTXS shares. BidaskClub upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. Zacks Investment Research upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $113.77.
Citrix Systems stock traded down $1.24 on Friday, reaching $100.46. 1,898,189 shares of the stock were exchanged, compared to its average volume of 2,156,082. The firm has a market cap of $13.36 billion, a price-to-earnings 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 current ratio of 0.72 and a quick ratio of 0.71. Citrix Systems, Inc. has a twelve month low of $90.32 and a twelve month high of $116.82.
Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.08. The firm had revenue of $802.00 million during the quarter, compared to analyst estimates of $791.27 million. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.66 EPS. As a group, sell-side analysts expect that Citrix Systems, Inc. will post 4.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, March 7th. Citrix Systems’s dividend payout ratio is currently 30.57%.
In other news, EVP Mark J. Ferrer sold 1,388 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $105.04, for a total transaction of $145,795.52. Following the completion of the transaction, the executive vice president now owns 58,033 shares of the company’s stock, valued at $6,095,786.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matto Andrew H. Del sold 582 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $106.78, for a total transaction of $62,145.96. Following the transaction, the chief financial officer now directly owns 60,294 shares of the company’s stock, valued at approximately $6,438,193.32. The disclosure for this sale can be found here. Insiders have sold 26,071 shares of company stock valued at $2,711,264 in the last ninety days. 0.56% of the stock is owned by company insiders.
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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.
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