Legal & General Group Plc grew its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 691,087 shares of the cloud computing company’s stock after purchasing an additional 6,200 shares during the quarter. Legal & General Group Plc owned approximately 0.51% of Citrix Systems worth $76,820,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of CTXS. Standard Life Aberdeen plc grew its position in shares of Citrix Systems by 0.7% in the third quarter. Standard Life Aberdeen plc now owns 188,688 shares of the cloud computing company’s stock valued at $20,974,000 after purchasing an additional 1,316 shares during the last quarter. NorthCoast Asset Management LLC bought a new stake in shares of Citrix Systems in the third quarter valued at about $631,000. Nordea Investment Management AB lifted its stake in shares of Citrix Systems by 20.2% in the third quarter. Nordea Investment Management AB now owns 168,667 shares of the cloud computing company’s stock valued at $18,752,000 after buying an additional 28,374 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Citrix Systems in the third quarter valued at about $973,000. Finally, Captrust Financial Advisors lifted its stake in 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 purchasing an additional 997 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Mark J. Ferrer sold 1,388 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $100.14, for a total transaction of $138,994.32. Following the transaction, the executive vice president now directly owns 60,809 shares in the company, valued at approximately $6,089,413.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Calderoni sold 17,353 shares of the business’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $105.02, for a total transaction of $1,822,412.06. Following the transaction, the insider now owns 92,141 shares in the company, valued at $9,676,647.82. The disclosure for this sale can be found here. Insiders sold a total of 44,196 shares of company stock worth $4,644,920 over the last ninety days. 0.56% of the stock is currently owned by insiders.
A number of research firms have recently issued reports on CTXS. Citigroup lifted their target price on shares of Citrix Systems from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research reiterated a “buy” rating and issued a $113.00 target price on shares of Citrix Systems in a research note on Tuesday, November 13th. Finally, BidaskClub upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $113.57.
Shares of CTXS stock traded up $1.03 on Thursday, hitting $105.85. The stock had a trading volume of 2,167,228 shares, compared to its average volume of 1,815,591. Citrix Systems, Inc. has a twelve month low of $83.70 and a twelve month high of $116.82. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 2.34 and a beta of 1.26. 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 posted its quarterly earnings data on Wednesday, October 24th. The cloud computing company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.25 by $0.15. The business had revenue of $732.47 million for the quarter, compared to analysts’ expectations of $722.76 million. Citrix Systems had a net margin of 4.27% and a return on equity of 91.46%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. Research analysts expect that Citrix Systems, Inc. will post 4.39 earnings per share for the current year.
Citrix Systems declared that its Board of Directors has initiated a share buyback program on Wednesday, October 24th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the cloud computing company to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Friday, December 7th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.40 annualized dividend and a yield of 1.32%. Citrix Systems’s dividend payout ratio is currently 33.82%.
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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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