Legal & General Group Plc raised its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 0.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 691,087 shares of the cloud computing company’s stock after purchasing an additional 6,200 shares during the period. Legal & General Group Plc owned about 0.51% of Citrix Systems worth $76,820,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Standard Life Aberdeen plc raised its holdings in shares of Citrix Systems by 0.7% in the 3rd quarter. Standard Life Aberdeen plc now owns 188,688 shares of the cloud computing company’s stock worth $20,974,000 after purchasing an additional 1,316 shares during the period. NorthCoast Asset Management LLC acquired a new stake in shares of Citrix Systems in the third quarter valued at about $631,000. Nordea Investment Management AB grew its stake in Citrix Systems by 20.2% during the 3rd quarter. Nordea Investment Management AB now owns 168,667 shares of the cloud computing company’s stock valued at $18,752,000 after purchasing an additional 28,374 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Citrix Systems in the 3rd quarter worth approximately $973,000. Finally, Captrust Financial Advisors grew its position in shares of Citrix Systems by 2,623.7% in the 3rd 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 in the last quarter. 99.53% of the stock is currently owned by institutional investors.
In other Citrix Systems news, EVP Paul J. Hough sold 8,483 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $103.16, for a total transaction of $875,106.28. Following the sale, the executive vice president now owns 54,988 shares of the company’s stock, valued at $5,672,562.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Robert Calderoni sold 2,128 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $102.34, for a total transaction of $217,779.52. Following the sale, the chairman now directly owns 138,772 shares of the company’s stock, valued at $14,201,926.48. The disclosure for this sale can be found here. Insiders have sold 22,871 shares of company stock worth $2,422,098 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.
CTXS opened at $102.21 on Thursday. The firm has a market cap of $13.81 billion, a P/E ratio of 22.23, a PEG ratio of 2.34 and a beta of 1.25. Citrix Systems, Inc. has a 1 year low of $83.70 and a 1 year high of $116.82. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.98.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.15. The firm had revenue of $732.47 million during the quarter, compared to analysts’ expectations of $722.76 million. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 earnings per share. As a group, analysts predict that Citrix Systems, Inc. will post 4.39 earnings per share for the current year.
Citrix Systems announced that its board has approved a stock buyback program on Wednesday, October 24th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the cloud computing company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Friday, December 7th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.37%. Citrix Systems’s dividend payout ratio is presently 33.82%.
Several research analysts have recently commented on the company. Robert W. Baird decreased their target price on Citrix Systems from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. BidaskClub upgraded Citrix Systems from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Wedbush initiated coverage on Citrix Systems in a report on Thursday, October 18th. They issued a “neutral” rating and a $115.00 price target on the stock. Barclays raised their price target on Citrix Systems from $112.00 to $114.00 and gave the stock an “equal weight” rating in a report on Friday, September 7th. Finally, Bank of America cut their price target on Citrix Systems from $123.00 to $116.00 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, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and an average target price of $113.57.
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Citrix Systems 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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