SG Americas Securities LLC lessened its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 86.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,541 shares of the cloud computing company’s stock after selling 72,320 shares during the period. SG Americas Securities LLC’s holdings in Citrix Systems were worth $1,182,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Aperio Group LLC grew its position in Citrix Systems by 2.4% during the third quarter. Aperio Group LLC now owns 144,189 shares of the cloud computing company’s stock worth $16,028,000 after buying an additional 3,392 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Citrix Systems by 13.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 7,343 shares of the cloud computing company’s stock valued at $816,000 after purchasing an additional 891 shares in the last quarter. NuWave Investment Management LLC boosted its holdings in shares of Citrix Systems by 101.2% in the 3rd quarter. NuWave Investment Management LLC now owns 2,153 shares of the cloud computing company’s stock valued at $240,000 after purchasing an additional 1,083 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in shares of Citrix Systems by 23.8% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 17,289 shares of the cloud computing company’s stock valued at $1,907,000 after purchasing an additional 3,322 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Citrix Systems by 362.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 105,593 shares of the cloud computing company’s stock valued at $11,738,000 after purchasing an additional 82,783 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on CTXS. BidaskClub raised Citrix Systems from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. TheStreet raised Citrix Systems from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. Wedbush reduced their target price on Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, January 24th. Finally, Zacks Investment Research reaffirmed a “hold” rating and issued a $113.00 target price on shares of Citrix Systems in a report on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $113.77.
NASDAQ CTXS opened at $106.49 on Monday. 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 twelve month low of $89.75 and a twelve month high of $116.82. The firm has a market cap of $14.35 billion, a P/E ratio of 23.25, a PEG ratio of 2.79 and a beta of 1.06.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $802.00 million for the quarter, compared to the consensus estimate of $791.27 million. During the same quarter last year, the business posted $1.66 EPS. Citrix Systems’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts forecast that Citrix Systems, Inc. will post 4.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors 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 1.31%. The ex-dividend date is Thursday, March 7th. Citrix Systems’s dividend payout ratio (DPR) is 30.57%.
Citrix Systems declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 24th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the cloud computing company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In related news, EVP Mark J. Ferrer sold 1,388 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $107.41, for a total transaction of $149,085.08. Following the sale, the executive vice president now owns 62,013 shares of the company’s stock, valued at approximately $6,660,816.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Calderoni sold 17,353 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 92,141 shares in the company, valued at approximately $9,676,647.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,973 shares of company stock worth $3,693,541. 0.56% of the stock is currently owned by company insiders.
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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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