Burney Co. trimmed its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,530 shares of the cloud computing company’s stock after selling 312 shares during the period. Burney Co.’s holdings in Citrix Systems were worth $772,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of CTXS. Pearl River Capital LLC bought a new stake in Citrix Systems during the 4th quarter valued at approximately $26,000. Smart Portfolios LLC bought a new stake in Citrix Systems during the 4th quarter valued at approximately $29,000. CWM LLC boosted its stake in Citrix Systems by 43.4% during the 4th quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock valued at $33,000 after purchasing an additional 98 shares during the period. Essex Savings Bank bought a new stake in Citrix Systems during the 4th quarter valued at approximately $43,000. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Citrix Systems by 8,930.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,459,674 shares of the cloud computing company’s stock worth $44,000 after acquiring an additional 4,410,291 shares during the period. 99.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on CTXS. BidaskClub downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. TheStreet upgraded Citrix Systems from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Wedbush reduced their price objective on Citrix Systems from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, January 24th. Finally, Zacks Investment Research reissued a “hold” rating and issued a $113.00 target price on shares of Citrix Systems in a report on Monday, December 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, three 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 an average price target of $113.77.
In other news, EVP Mark J. Ferrer sold 1,388 shares of Citrix Systems stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $99.93, for a total value of $138,702.84. Following the completion of the sale, the executive vice president now directly owns 56,830 shares of the company’s stock, valued at approximately $5,679,021.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Calderoni sold 2,136 shares of Citrix Systems stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $101.03, for a total value of $215,800.08. Following the completion of the sale, the insider now directly owns 109,494 shares of the company’s stock, valued at $11,062,178.82. The disclosure for this sale can be found here. Insiders sold a total of 26,071 shares of company stock valued at $2,710,973 over the last three months. Insiders own 0.56% of the company’s stock.
CTXS stock traded up $0.21 during midday trading on Friday, reaching $99.66. 2,836,564 shares of the company’s stock traded hands, compared to its average volume of 2,630,262. Citrix Systems, Inc. has a 1-year low of $90.32 and a 1-year high of $116.82. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 2.64 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.71.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.08. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The firm had revenue of $802.00 million during the quarter, compared to analysts’ expectations of $791.27 million. During the same period last year, the firm posted $1.66 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts expect that Citrix Systems, Inc. will post 4.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.40 annualized dividend and a dividend yield of 1.40%. Citrix Systems’s dividend payout ratio (DPR) is currently 30.57%.
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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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