Pacifica Partners Inc. Takes Position in Citrix Systems, Inc. (NASDAQ:CTXS)


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Pacifica Partners Inc. acquired a new position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 200 shares of the cloud computing company’s stock, valued at approximately $26,000.

A number of other institutional investors also recently bought and sold shares of CTXS. Cypress Capital Group boosted its position in shares of Citrix Systems by 58.5% during the fourth quarter. Cypress Capital Group now owns 5,534 shares of the cloud computing company’s stock worth $720,000 after buying an additional 2,043 shares during the period. Huntington National Bank lifted its stake in Citrix Systems by 13.5% during the 4th quarter. Huntington National Bank now owns 791 shares of the cloud computing company’s stock worth $103,000 after acquiring an additional 94 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Citrix Systems by 20.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the cloud computing company’s stock valued at $989,000 after acquiring an additional 1,300 shares during the period. Diversified Trust Co purchased a new position in Citrix Systems during the 4th quarter valued at about $201,000. Finally, Mercer Global Advisors Inc. ADV grew its position in Citrix Systems by 267.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 14,447 shares of the cloud computing company’s stock valued at $1,990,000 after acquiring an additional 10,515 shares in the last quarter. Hedge funds and other institutional investors own 87.97% of the company’s stock.

Several research firms have recently commented on CTXS. Royal Bank of Canada lowered their price objective on shares of Citrix Systems from $162.00 to $145.00 in a research note on Friday, October 23rd. Raymond James decreased their price target on shares of Citrix Systems from $185.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. Smith Barney Citigroup upped their price objective on Citrix Systems from $195.00 to $205.00 in a research report on Friday, October 23rd. UBS Group assumed coverage on Citrix Systems in a research note on Tuesday, October 13th. They issued a “neutral” rating and a $146.00 price objective on the stock. Finally, BidaskClub raised Citrix Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $152.93.

In related news, EVP Paul J. Hough sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 8th. The stock was sold at an average price of $129.76, for a total transaction of $259,520.00. Following the transaction, the executive vice president now owns 64,413 shares in the company, valued at approximately $8,358,230.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Donna Nappen Kimmel sold 14,668 shares of Citrix Systems stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $135.39, for a total value of $1,985,900.52. Following the transaction, the executive vice president now directly owns 79,654 shares in the company, valued at approximately $10,784,355.06. The disclosure for this sale can be found here. Insiders sold a total of 38,896 shares of company stock worth $4,906,861 over the last ninety days. Insiders own 0.54% of the company’s stock.

NASDAQ:CTXS opened at $131.48 on Thursday. Citrix Systems, Inc. has a 1 year low of $100.31 and a 1 year high of $173.56. The stock has a market cap of $16.19 billion, a P/E ratio of 28.21, a P/E/G ratio of 3.79 and a beta of 0.27. The company has a debt-to-equity ratio of 25.18, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a 50-day simple moving average of $129.44 and a 200-day simple moving average of $134.75.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Thursday, October 22nd. The cloud computing company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.13. The firm had revenue of $767.17 million during the quarter, compared to analysts’ expectations of $759.02 million. Citrix Systems had a return on equity of 391.74% and a net margin of 18.52%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. On average, equities research analysts predict that Citrix Systems, Inc. will post 3.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 22nd. Stockholders of record on Tuesday, December 8th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Monday, December 7th. Citrix Systems’s payout ratio is 33.90%.

About Citrix Systems

Citrix Systems, Inc provides workspace, networking, and professional services worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops; Citrix Content Collaboration, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; and Workspace Intelligence that customizes and streamlines user workflows, as well as microapp creation with low-code tooling, automates tasks and functions.

Further Reading: Buy Rating

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

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