Contravisory Investment Management Inc. bought a new stake in Citrix Systems, Inc. (NASDAQ:CTXS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,740 shares of the cloud computing company’s stock, valued at approximately $281,000.
Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. bought a new position in shares of Citrix Systems during the third quarter worth about $102,000. Captrust Financial Advisors raised its position in shares of Citrix Systems by 2,623.7% during the third quarter. Captrust Financial Advisors now owns 1,035 shares of the cloud computing company’s stock worth $115,000 after acquiring an additional 997 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new position in shares of Citrix Systems during the third quarter worth about $200,000. Harvest Fund Management Co. Ltd bought a new position in shares of Citrix Systems during the third quarter worth about $203,000. Finally, Farr Miller & Washington LLC DC bought a new position in shares of Citrix Systems during the third quarter worth about $208,000. Hedge funds and other institutional investors own 99.21% of the company’s stock.
CTXS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Wednesday, November 28th. BidaskClub downgraded Citrix Systems from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $113.77.
CTXS stock traded down $0.48 during mid-day trading on Thursday, reaching $105.12. The company’s stock had a trading volume of 2,190,999 shares, compared to its average volume of 2,088,428. The company has a market cap of $14.30 billion, a P/E ratio of 22.95, a PEG ratio of 2.82 and a beta of 1.06. 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 12 month low of $83.70 and a 12 month high of $116.82.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $802.00 million during the quarter, compared to analysts’ expectations of $791.27 million. During the same quarter last year, the firm posted $1.66 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts predict that Citrix Systems, Inc. will post 4.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be paid a $0.35 dividend. The ex-dividend date is Thursday, March 7th. This represents a $1.40 dividend on an annualized basis and a yield of 1.33%. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.
Citrix Systems announced that its Board of Directors has approved a share buyback plan on Wednesday, October 24th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the cloud computing company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
In other Citrix Systems news, EVP Mark J. Ferrer sold 1,388 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $107.41, for a total value of $149,085.08. Following the completion of the sale, the executive vice president now owns 62,013 shares of the company’s stock, valued at $6,660,816.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jessica Soisson sold 1,466 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $110.77, for a total value of $162,388.82. Following the completion of the sale, the vice president now directly owns 18,526 shares of the company’s stock, valued at approximately $2,052,125.02. The disclosure for this sale can be found here. Insiders sold 34,973 shares of company stock valued at $3,693,541 in the last three months. Insiders own 0.56% of the company’s stock.
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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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