DekaBank Deutsche Girozentrale Purchases 417,122 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

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DekaBank Deutsche Girozentrale grew its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 203.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 621,845 shares of the cloud computing company’s stock after purchasing an additional 417,122 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Citrix Systems were worth $60,811,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Glassman Wealth Services increased its stake in shares of Citrix Systems by 46.5% in the 1st quarter. Glassman Wealth Services now owns 334 shares of the cloud computing company’s stock valued at $33,000 after acquiring an additional 106 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake in shares of Citrix Systems by 0.8% in the 1st quarter. Arcadia Investment Management Corp MI now owns 14,200 shares of the cloud computing company’s stock valued at $1,415,000 after acquiring an additional 110 shares in the last quarter. MV Capital Management Inc. increased its stake in shares of Citrix Systems by 34.8% in the 1st quarter. MV Capital Management Inc. now owns 476 shares of the cloud computing company’s stock valued at $47,000 after acquiring an additional 123 shares in the last quarter. Columbus Macro LLC increased its stake in shares of Citrix Systems by 2.7% in the 1st quarter. Columbus Macro LLC now owns 4,828 shares of the cloud computing company’s stock valued at $481,000 after acquiring an additional 127 shares in the last quarter. Finally, Guinness Asset Management Ltd increased its stake in shares of Citrix Systems by 83.8% in the 2nd quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock valued at $28,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 97.69% of the company’s stock.

NASDAQ CTXS opened at $92.30 on Wednesday. The company has a fifty day simple moving average of $97.23. Citrix Systems, Inc. has a 12-month low of $90.28 and a 12-month high of $114.55. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.86. The firm 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.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.27. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. The business had revenue of $748.70 million during the quarter, compared to the consensus estimate of $772.00 million. During the same quarter last year, the firm posted $1.28 EPS. Citrix Systems’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citrix Systems, Inc. will post 3.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, September 5th. Citrix Systems’s payout ratio is currently 30.57%.

CTXS has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Wedbush reiterated a “hold” rating and issued a $95.00 price objective on shares of Citrix Systems in a research note on Thursday, July 25th. ValuEngine lowered shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Deutsche Bank upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $120.00 in a research note on Thursday, June 6th. Finally, BidaskClub lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Saturday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $110.25.

In related news, EVP Mark J. Ferrer sold 1,224 shares of Citrix Systems stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $95.00, for a total value of $116,280.00. Following the completion of the sale, the executive vice president now owns 70,348 shares of the company’s stock, valued at approximately $6,683,060. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Rotterdam Jeroen Van sold 4,288 shares of Citrix Systems stock in a transaction on Friday, August 9th. The shares were sold at an average price of $92.06, for a total transaction of $394,753.28. Following the completion of the sale, the executive vice president now directly owns 63,806 shares of the company’s stock, valued at approximately $5,873,980.36. The disclosure for this sale can be found here. In the last three months, insiders sold 22,585 shares of company stock valued at $2,151,111. 0.54% of the stock is currently owned by insiders.

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

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