Strs Ohio trimmed its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 49.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,760 shares of the cloud computing company’s stock after selling 9,544 shares during the period. Strs Ohio’s holdings in Citrix Systems were worth $957,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Strategy Asset Managers LLC purchased a new position in shares of Citrix Systems during the 1st quarter worth approximately $25,000. Glassman Wealth Services raised its stake in shares of Citrix Systems by 46.5% during the 1st quarter. Glassman Wealth Services now owns 334 shares of the cloud computing company’s stock worth $33,000 after buying an additional 106 shares in the last quarter. Braun Bostich & Associates Inc. raised its stake in shares of Citrix Systems by 1,845.0% during the 1st quarter. Braun Bostich & Associates Inc. now owns 389 shares of the cloud computing company’s stock worth $39,000 after buying an additional 369 shares in the last quarter. MV Capital Management Inc. raised its stake in shares of Citrix Systems by 34.8% during the 1st quarter. MV Capital Management Inc. now owns 476 shares of the cloud computing company’s stock worth $47,000 after buying an additional 123 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Citrix Systems by 114.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 489 shares of the cloud computing company’s stock worth $49,000 after buying an additional 261 shares in the last quarter. 97.69% of the stock is owned by institutional investors and hedge funds.
NASDAQ CTXS opened at $92.30 on Wednesday. Citrix Systems, Inc. has a 1-year low of $90.28 and a 1-year high of $114.55. The stock has a market cap of $12.04 billion, a P/E ratio of 20.15, a P/E/G ratio of 3.31 and a beta of 1.01. The company has a 50 day moving average price of $97.23. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.86.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, September 5th. Citrix Systems’s payout ratio is currently 30.57%.
A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Morgan Stanley dropped their price objective on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a research note on Thursday, July 25th. BidaskClub downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, Deutsche Bank raised Citrix Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $110.00 to $120.00 in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Citrix Systems currently has a consensus rating of “Hold” and an average price target of $110.25.
In other Citrix Systems news, EVP Mark J. Ferrer sold 1,224 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $95.00, for a total transaction of $116,280.00. Following the completion of the transaction, the executive vice president now owns 70,348 shares of the company’s stock, valued at $6,683,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David J. Henshall sold 6,353 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $99.44, for a total value of $631,742.32. Following the transaction, the chief executive officer now directly owns 368,156 shares of the company’s stock, valued at approximately $36,609,432.64. The disclosure for this sale can be found here. Insiders sold a total of 22,585 shares of company stock valued at $2,151,111 over the last ninety days. 0.54% of the stock is currently owned by company insiders.
Citrix Systems Company 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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