CWM LLC increased its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 43.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 324 shares of the cloud computing company’s stock after acquiring an additional 98 shares during the quarter. CWM LLC’s holdings in Citrix Systems were worth $33,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in CTXS. IFM Investors Pty Ltd raised its stake in Citrix Systems by 9.7% in the 4th quarter. IFM Investors Pty Ltd now owns 8,055 shares of the cloud computing company’s stock valued at $825,000 after purchasing an additional 712 shares during the last quarter. First National Bank of Omaha increased its stake in shares of Citrix Systems by 106.5% during the 4th quarter. First National Bank of Omaha now owns 36,902 shares of the cloud computing company’s stock valued at $3,781,000 after acquiring an additional 19,035 shares during the last quarter. Tributary Capital Management LLC increased its stake in shares of Citrix Systems by 14.5% during the 4th quarter. Tributary Capital Management LLC now owns 19,000 shares of the cloud computing company’s stock valued at $1,947,000 after acquiring an additional 2,400 shares during the last quarter. RDL Financial Inc. increased its stake in shares of Citrix Systems by 1.3% during the 4th quarter. RDL Financial Inc. now owns 28,690 shares of the cloud computing company’s stock valued at $2,940,000 after acquiring an additional 364 shares during the last quarter. Finally, NuWave Investment Management LLC increased its stake in shares of Citrix Systems by 249.4% during the 4th quarter. NuWave Investment Management LLC now owns 7,522 shares of the cloud computing company’s stock valued at $770,000 after acquiring an additional 5,369 shares during the last quarter. 98.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of CTXS stock traded up $0.54 on Friday, hitting $106.04. 2,260,369 shares of the stock traded hands, compared to its average volume of 1,743,537. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 1.35. The firm has a market cap of $13.86 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.79 and a beta of 1.06. Citrix Systems, Inc. has a 1-year low of $89.75 and a 1-year high of $116.82.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.08. The firm had revenue of $802.00 million for the quarter, compared to analyst estimates of $791.27 million. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. On average, research analysts forecast that Citrix Systems, Inc. will post 4.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.40 annualized dividend and a yield of 1.32%. Citrix Systems’s dividend payout ratio is currently 30.57%.
In related news, EVP Timothy A. Minahan sold 5,890 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $109.40, for a total value of $644,366.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark J. Ferrer sold 1,388 shares of the stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $100.14, for a total value of $138,994.32. Following the completion of the transaction, the executive vice president now owns 60,809 shares of the company’s stock, valued at approximately $6,089,413.26. The disclosure for this sale can be found here. Insiders have sold 34,973 shares of company stock valued at $3,690,251 in the last ninety days. Company insiders own 0.56% of the company’s stock.
CTXS has been the subject of a number of research reports. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Zacks Investment Research cut Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Finally, TheStreet upgraded Citrix Systems from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $113.77.
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About Citrix Systems
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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