Signet Financial Management LLC cut its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 9.8% during the second quarter, Holdings Channel reports. The institutional investor owned 28,073 shares of the cloud computing company’s stock after selling 3,058 shares during the quarter. Signet Financial Management LLC’s holdings in Citrix Systems were worth $2,683,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Citrix Systems by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 625,096 shares of the cloud computing company’s stock valued at $64,048,000 after purchasing an additional 52,559 shares in the last quarter. Geode Capital Management LLC grew its position in Citrix Systems by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,986,493 shares of the cloud computing company’s stock valued at $203,231,000 after acquiring an additional 103,540 shares during the period. Boston Partners grew its position in Citrix Systems by 14.4% in the first quarter. Boston Partners now owns 27,140 shares of the cloud computing company’s stock valued at $2,705,000 after acquiring an additional 3,423 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in Citrix Systems by 2.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 13,299 shares of the cloud computing company’s stock worth $1,325,000 after acquiring an additional 329 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Citrix Systems by 1.1% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 74,822 shares of the cloud computing company’s stock worth $7,457,000 after acquiring an additional 800 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.
CTXS traded up $0.74 during trading on Wednesday, hitting $96.50. The company’s stock had a trading volume of 99,559 shares, compared to its average volume of 1,667,413. The firm’s 50 day moving average price is $93.38 and its two-hundred day moving average price is $97.91. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.86. Citrix Systems, Inc. has a 12 month low of $90.28 and a 12 month high of $112.87. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 3.41 and a beta of 1.01.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.94 by $0.27. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. The company had revenue of $748.70 million for the quarter, compared to analysts’ expectations of $772.00 million. During the same quarter in the prior year, the business earned $1.28 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Citrix Systems, Inc. will post 3.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, September 5th. Citrix Systems’s dividend payout ratio is currently 30.57%.
In other Citrix Systems news, CEO David J. Henshall sold 6,353 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $94.11, for a total value of $597,880.83. Following the transaction, the chief executive officer now directly owns 361,803 shares in the company, valued at approximately $34,049,280.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter John Sacripanti sold 5,726 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $91.40, for a total value of $523,356.40. Following the completion of the transaction, the director now owns 14,249 shares in the company, valued at $1,302,358.60. The disclosure for this sale can be found here. Insiders sold a total of 29,073 shares of company stock valued at $2,734,369 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.
A number of brokerages have issued reports on CTXS. Wedbush reissued a “hold” rating and set a $95.00 price objective on shares of Citrix Systems in a report on Thursday, July 25th. Deutsche Bank raised shares of Citrix Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $110.00 to $120.00 in a report on Thursday, June 6th. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. BidaskClub raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Morgan Stanley reduced their price target on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $109.71.
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.
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