State Board of Administration of Florida Retirement System cut its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,139 shares of the cloud computing company’s stock after selling 5,440 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of Citrix Systems worth $19,642,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CTXS. Glassman Wealth Services increased its holdings in Citrix Systems by 46.5% in the 1st quarter. Glassman Wealth Services now owns 334 shares of the cloud computing company’s stock worth $33,000 after acquiring an additional 106 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in 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 worth $1,415,000 after acquiring an additional 110 shares during the last quarter. MV Capital Management Inc. increased its holdings in Citrix Systems by 34.8% in the 1st quarter. MV Capital Management Inc. now owns 476 shares of the cloud computing company’s stock worth $47,000 after acquiring an additional 123 shares during the last quarter. Guinness Asset Management Ltd increased its holdings in Citrix Systems by 83.8% in the 2nd quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock worth $28,000 after acquiring an additional 134 shares during the last quarter. Finally, OmniStar Financial Group Inc. increased its holdings in Citrix Systems by 3.1% in the 2nd quarter. OmniStar Financial Group Inc. now owns 5,416 shares of the cloud computing company’s stock worth $532,000 after acquiring an additional 163 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on CTXS shares. Deutsche Bank raised Citrix Systems from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $120.00 in a report on Thursday, June 6th. BidaskClub lowered Citrix Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Wedbush reissued a “hold” rating and issued a $95.00 price objective on shares of Citrix Systems in a report on Thursday, July 25th. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Morgan Stanley decreased their price objective on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Citrix Systems currently has a consensus rating of “Hold” and a consensus target price of $110.25.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.27. The business had revenue of $748.70 million during the quarter, compared to analyst estimates of $772.00 million. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, equities research analysts anticipate that Citrix Systems, Inc. will post 3.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, September 5th. Citrix Systems’s payout ratio is presently 30.57%.
In other news, EVP Rotterdam Jeroen Van sold 4,288 shares of Citrix Systems stock in a transaction dated Friday, August 9th. The stock was 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 owns 63,806 shares in the company, valued at approximately $5,873,980.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David J. Henshall sold 6,353 shares of Citrix Systems stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $99.44, for a total value of $631,742.32. Following the sale, the chief executive officer now 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 have sold a total of 28,311 shares of company stock valued at $2,674,467 in the last ninety days. Insiders own 0.54% of the company’s stock.
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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