First Hawaiian Bank decreased its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,900 shares of the cloud computing company’s stock after selling 965 shares during the quarter. First Hawaiian Bank’s holdings in Citrix Systems were worth $1,116,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Citrix Systems by 59.4% in the second quarter. Janus Henderson Group PLC now owns 70,784 shares of the cloud computing company’s stock valued at $7,421,000 after purchasing an additional 26,382 shares during the period. PNC Financial Services Group Inc. increased its holdings in Citrix Systems by 57.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,288 shares of the cloud computing company’s stock worth $1,812,000 after acquiring an additional 6,304 shares during the period. Federated Investors Inc. PA increased its holdings in Citrix Systems by 14.0% during the 2nd quarter. Federated Investors Inc. PA now owns 5,332 shares of the cloud computing company’s stock worth $559,000 after acquiring an additional 656 shares during the period. First Republic Investment Management Inc. increased its holdings in Citrix Systems by 21.4% during the 2nd quarter. First Republic Investment Management Inc. now owns 21,288 shares of the cloud computing company’s stock worth $2,231,000 after acquiring an additional 3,749 shares during the period. Finally, Marshall Wace LLP increased its holdings in Citrix Systems by 5.6% during the 2nd quarter. Marshall Wace LLP now owns 14,056 shares of the cloud computing company’s stock worth $1,474,000 after acquiring an additional 743 shares during the period. Institutional investors own 99.52% of the company’s stock.
CTXS has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of Citrix Systems from $123.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Wedbush initiated coverage on shares of Citrix Systems in a report on Thursday, October 18th. They set a “neutral” rating and a $115.00 target price on the stock. BidaskClub lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, October 6th. Citigroup upped their target price on shares of Citrix Systems from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, Robert W. Baird decreased their target price on shares of Citrix Systems from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Citrix Systems presently has a consensus rating of “Hold” and a consensus target price of $113.57.
Shares of Citrix Systems stock opened at $106.14 on Friday. Citrix Systems, Inc. has a 52-week low of $83.70 and a 52-week high of $116.82. The firm has a market capitalization of $14.13 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.82.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.15. Citrix Systems had a net margin of 4.27% and a return on equity of 91.46%. The company had revenue of $732.47 million during the quarter, compared to analysts’ expectations of $722.76 million. During the same quarter in the prior year, the company earned $1.22 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Citrix Systems, Inc. will post 4.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Friday, December 7th were paid a $0.35 dividend. The ex-dividend date was Thursday, December 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.32%. Citrix Systems’s dividend payout ratio (DPR) is 33.82%.
Citrix Systems announced that its Board of Directors has authorized a stock buyback plan on Wednesday, October 24th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the cloud computing company to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other Citrix Systems news, EVP Timothy A. Minahan sold 5,890 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $109.40, for a total transaction of $644,366.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark J. Ferrer sold 1,388 shares of the stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $107.41, for a total transaction of $149,085.08. Following the sale, the executive vice president now directly owns 62,013 shares of the company’s stock, valued at approximately $6,660,816.33. The disclosure for this sale can be found here. Insiders sold a total of 44,196 shares of company stock valued at $4,644,920 in the last ninety days. 0.56% of the stock is owned by corporate insiders.
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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.
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