MAI Capital Management decreased its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,293 shares of the cloud computing company’s stock after selling 300 shares during the quarter. MAI Capital Management’s holdings in Citrix Systems were worth $826,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pearl River Capital LLC bought a new stake in shares of Citrix Systems during the 4th quarter worth $26,000. Smart Portfolios LLC bought a new stake in shares of Citrix Systems during the 4th quarter worth $29,000. CWM LLC boosted its holdings in shares of Citrix Systems by 43.4% during the 4th quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock worth $33,000 after buying an additional 98 shares during the period. Essex Savings Bank bought a new stake in shares of Citrix Systems during the 4th quarter worth $43,000. Finally, Valeo Financial Advisors LLC boosted its holdings 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 during the period. Institutional investors own 98.96% of the company’s stock.
Several analysts recently issued reports on CTXS shares. BidaskClub downgraded shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 9th. TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. Wedbush reduced their price target on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. ValuEngine downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Zacks Investment Research downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $114.30.
In other news, CEO David J. Henshall sold 4,298 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.00, for a total transaction of $434,098.00. Following the completion of the transaction, the chief executive officer now directly owns 378,327 shares of the company’s stock, valued at approximately $38,211,027. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark J. Ferrer sold 1,388 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $105.04, for a total transaction of $145,795.52. Following the transaction, the executive vice president now directly owns 58,033 shares of the company’s stock, valued at $6,095,786.32. The disclosure for this sale can be found here. Insiders have sold a total of 16,221 shares of company stock valued at $1,638,344 over the last ninety days. 0.54% of the stock is owned by insiders.
Citrix Systems stock traded up $0.47 during mid-day trading on Wednesday, reaching $96.13. The company had a trading volume of 1,187,900 shares, compared to its average volume of 2,127,121. The company has a market cap of $12.50 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.70 and a beta of 1.00. Citrix Systems, Inc. has a 52 week low of $94.17 and a 52 week high of $116.82. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.85.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, April 24th. The cloud computing company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.41. The company had revenue of $719.14 million during the quarter, compared to the consensus estimate of $707.78 million. Citrix Systems had a net margin of 18.08% and a return on equity of 94.77%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. Analysts expect that Citrix Systems, Inc. will post 4.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, June 6th. Citrix Systems’s payout ratio is 30.57%.
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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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