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Commonwealth Bank of Australia lowered its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 7.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,605 shares of the cloud computing company’s stock after selling 900 shares during the quarter. Commonwealth Bank of Australia’s holdings in Citrix Systems were worth $1,284,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. First Trust Advisors LP increased its holdings in Citrix Systems by 7.5% in the 3rd quarter. First Trust Advisors LP now owns 3,021,416 shares of the cloud computing company’s stock valued at $335,861,000 after purchasing an additional 209,493 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in Citrix Systems by 14.6% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,280,058 shares of the cloud computing company’s stock valued at $253,451,000 after purchasing an additional 291,119 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Citrix Systems by 414.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,751,190 shares of the cloud computing company’s stock valued at $183,595,000 after purchasing an additional 1,410,500 shares in the last quarter. Millennium Management LLC boosted its position in Citrix Systems by 154.3% in the 2nd quarter. Millennium Management LLC now owns 1,331,695 shares of the cloud computing company’s stock valued at $139,615,000 after buying an additional 807,986 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Citrix Systems by 61.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 985,368 shares of the cloud computing company’s stock valued at $109,199,000 after buying an additional 373,415 shares during the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

In other Citrix Systems news, VP Jessica Soisson sold 1,466 shares of Citrix Systems stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $110.77, for a total value of $162,388.82. Following the transaction, the vice president now owns 18,526 shares in the company, valued at $2,052,125.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Calderoni sold 2,128 shares of Citrix Systems stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $110.14, for a total transaction of $234,377.92. The disclosure for this sale can be found here. Insiders have sold 29,249 shares of company stock worth $3,135,655 in the last quarter. Company insiders own 0.56% of the company’s stock.

Shares of NASDAQ:CTXS traded down $1.12 during trading hours on Friday, hitting $109.14. The stock had a trading volume of 1,636,811 shares, compared to its average volume of 1,632,621. Citrix Systems, Inc. has a 1-year low of $83.70 and a 1-year high of $116.82. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $14.71 billion, a P/E ratio of 26.36, a PEG ratio of 2.72 and a beta of 1.37.

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 Zacks’ consensus estimate of $1.25 by $0.15. Citrix Systems had a net margin of 4.27% and a return on equity of 91.46%. The business had revenue of $732.47 million for the quarter, compared to analyst estimates of $722.76 million. During the same quarter last year, the business earned $1.22 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that Citrix Systems, Inc. will post 4.39 EPS for the current year.

Citrix Systems declared that its board has approved a share repurchase program on Wednesday, October 24th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the cloud computing company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.28%. Citrix Systems’s dividend payout ratio is presently 33.82%.

A number of equities analysts have weighed in on CTXS shares. BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. Barclays increased their price target on shares of Citrix Systems from $112.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Friday, September 7th. Wedbush assumed coverage on shares of Citrix Systems in a research report on Thursday, October 18th. They set a “neutral” rating and a $115.00 price target on the stock. Bank of America reduced their price target on shares of Citrix Systems from $123.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Finally, Citigroup raised their target price on shares of Citrix Systems from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $114.07.

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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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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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(Excerpt) Read more Here | 2018-12-17 00:11:33
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