OmniStar Financial Group Inc. lessened its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,921 shares of the cloud computing company’s stock after selling 495 shares during the period. OmniStar Financial Group Inc.’s holdings in Citrix Systems were worth $475,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Citrix Systems by 4.6% in the second quarter. Vanguard Group Inc. now owns 14,505,680 shares of the cloud computing company’s stock valued at $1,423,588,000 after purchasing an additional 636,123 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Citrix Systems by 7.9% in the second quarter. BlackRock Inc. now owns 10,356,603 shares of the cloud computing company’s stock valued at $1,016,398,000 after purchasing an additional 754,570 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Citrix Systems by 29.7% in the second quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock valued at $391,221,000 after purchasing an additional 912,477 shares in the last quarter. Man Group plc lifted its holdings in shares of Citrix Systems by 18.7% in the second quarter. Man Group plc now owns 2,583,145 shares of the cloud computing company’s stock valued at $253,509,000 after purchasing an additional 406,449 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Citrix Systems by 1.4% in the second quarter. Northern Trust Corp now owns 2,335,180 shares of the cloud computing company’s stock valued at $229,176,000 after buying an additional 32,116 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.
In related news, Director Peter John Sacripanti sold 5,726 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $91.40, for a total transaction of $523,356.40. Following the completion of the transaction, the director now owns 14,249 shares of the company’s stock, valued at $1,302,358.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David J. Henshall sold 6,353 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $94.11, for a total transaction of $597,880.83. Following the transaction, the chief executive officer now directly owns 361,803 shares of the company’s stock, valued at approximately $34,049,280.33. The disclosure for this sale can be found here. Insiders have sold 34,473 shares of company stock valued at $3,238,732 in the last ninety days. 0.54% of the stock is currently owned by company insiders.
CTXS has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a research report on Thursday, July 25th. Wedbush reissued a “hold” rating and issued a $95.00 price objective on shares of Citrix Systems in a research report on Thursday, July 25th. BidaskClub raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. ValuEngine raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group cut their price objective on shares of Citrix Systems from $85.00 to $80.00 and set an “underperform” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $106.00.
Shares of NASDAQ:CTXS traded up $1.26 during trading on Friday, reaching $98.22. The stock had a trading volume of 973,199 shares, compared to its average volume of 2,013,516. The business has a fifty day moving average price of $94.88 and a 200-day moving average price of $96.94. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.86. The stock has a market cap of $12.54 billion, a P/E ratio of 21.45, a PEG ratio of 3.43 and a beta of 1.02. Citrix Systems, Inc. has a fifty-two week low of $90.28 and a fifty-two week high of $112.27.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.27. The business had revenue of $748.70 million during the quarter, compared to analyst estimates of $772.00 million. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 earnings per share. As a group, equities analysts forecast that Citrix Systems, Inc. will post 3.8 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, September 5th. Citrix Systems’s dividend payout ratio (DPR) is 30.57%.
Citrix Systems Profile
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
Further Reading: Price-Sales Ratio
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