CWM LLC boosted its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 43.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 324 shares of the cloud computing company’s stock after purchasing an additional 98 shares during the quarter. CWM LLC’s holdings in Citrix Systems were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in 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 acquiring an additional 472,583 shares during the last quarter. First Trust Advisors LP boosted its holdings in Citrix Systems by 7.5% during the 3rd quarter. First Trust Advisors LP now owns 3,021,416 shares of the cloud computing company’s stock valued at $335,861,000 after acquiring an additional 209,493 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings 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 during the period. Man Group plc lifted its holdings 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 during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings 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 during the period. 98.70% of the stock is owned by hedge funds and other institutional investors.
CTXS has been the subject of a number of analyst reports. BidaskClub lowered Citrix Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded Citrix Systems from a “c+” rating to a “b” rating in a research note on Wednesday, January 23rd. Wedbush dropped their price target on Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. Finally, Zacks Investment Research reiterated a “hold” rating and set a $113.00 target price on shares of Citrix Systems in a research report on Monday, December 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.77.
Shares of NASDAQ CTXS opened at $105.19 on Friday. 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 company has a market capitalization of $13.83 billion, a P/E ratio of 22.97, a PEG ratio of 2.79 and a beta of 1.06. Citrix Systems, Inc. has a 52-week low of $89.75 and a 52-week high of $116.82.
Citrix Systems (NASDAQ:CTXS) last posted its 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. 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 during the quarter, compared to analyst estimates of $791.27 million. During the same quarter in the prior year, the business earned $1.66 earnings per share. Citrix Systems’s revenue was up 3.1% on a year-over-year basis. Analysts anticipate that Citrix Systems, Inc. will post 4.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, March 7th. Citrix Systems’s dividend payout ratio is currently 30.57%.
In related news, EVP Timothy A. Minahan sold 5,890 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $109.40, for a total value of $644,366.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jessica Soisson sold 1,466 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $110.77, for a total transaction of $162,388.82. Following the completion of the transaction, the vice president now directly owns 18,526 shares in the company, valued at $2,052,125.02. The disclosure for this sale can be found here. Insiders have sold a total of 34,973 shares of company stock worth $3,693,541 over the last ninety days. 0.56% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.fairfieldcurrent.com/news/2019/02/24/cwm-llc-has-33000-holdings-in-citrix-systems-inc-ctxs.html.
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.
Further Reading: Diversification For Individual Investors
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.