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Sawgrass Asset Management LLC lowered its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,787 shares of the cloud computing company’s stock after selling 4,297 shares during the quarter. Sawgrass Asset Management LLC owned 0.13% of Citrix Systems worth $17,806,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CTXS. CWM LLC lifted its stake in Citrix Systems by 43.4% in the fourth quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock worth $33,000 after acquiring an additional 98 shares during the period. Essex Savings Bank acquired a new position in Citrix Systems in the 4th quarter worth approximately $43,000. Stratos Wealth Partners LTD. acquired a new position in Citrix Systems in the 3rd quarter worth approximately $102,000. Lavaca Capital LLC acquired a new stake in shares of Citrix Systems during the 4th quarter worth approximately $108,000. Finally, Huntington National Bank grew its stake in Citrix Systems by 59.7% in the 4th quarter. Huntington National Bank now owns 1,073 shares of the cloud computing company’s stock valued at $110,000 after acquiring an additional 401 shares during the period. 99.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CTXS stock traded down $0.41 during trading hours on Wednesday, hitting $105.67. The company had a trading volume of 222,199 shares, compared to its average volume of 2,126,972. Citrix Systems, Inc. has a 12 month low of $83.70 and a 12 month high of $116.82. The firm has a market cap of $14.14 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.78 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 1.35.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.08. The firm had revenue of $802.00 million for the quarter, compared to the consensus estimate of $791.27 million. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. Sell-side analysts forecast that Citrix Systems, Inc. will post 4.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, March 7th. Citrix Systems’s payout ratio is 30.57%.

Citrix Systems announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 24th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the cloud computing company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Tuesday, December 18th. BidaskClub downgraded Citrix Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, TheStreet upgraded Citrix Systems from a “c+” rating to a “b” rating in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $113.77.

In related news, EVP Timothy A. Minahan sold 5,890 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $109.40, for a total value of $644,366.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark J. Ferrer sold 1,388 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $107.41, for a total transaction of $149,085.08. Following the completion of the sale, the executive vice president now owns 62,013 shares of the company’s stock, valued at $6,660,816.33. The disclosure for this sale can be found here. Insiders sold a total of 34,973 shares of company stock valued at $3,693,541 in the last 90 days. 0.56% of the stock is owned by corporate insiders.

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Citrix Systems Company Profile

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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