State of Alaska Department of Revenue raised its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 90.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,530 shares of the cloud computing company’s stock after buying an additional 11,180 shares during the period. State of Alaska Department of Revenue’s holdings in Citrix Systems were worth $2,069,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTXS. Grove Bank & Trust boosted its holdings in Citrix Systems by 50.0% in the third quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock valued at $177,000 after purchasing an additional 768 shares during the period. Intact Investment Management Inc. purchased a new position in Citrix Systems in the third quarter valued at $215,000. Colony Group LLC purchased a new position in Citrix Systems in the second quarter valued at $228,000. Quantitative Systematic Strategies LLC purchased a new position in Citrix Systems in the third quarter valued at $251,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in Citrix Systems by 3,050.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,780 shares of the cloud computing company’s stock worth $300,000 after buying an additional 3,660 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.
A number of analysts have issued reports on CTXS shares. Citigroup decreased their price target on Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, October 27th. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. KeyCorp reaffirmed a “hold” rating on shares of Citrix Systems in a report on Friday, November 10th. Stifel Nicolaus lifted their target price on Citrix Systems from $86.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Finally, Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Citrix Systems presently has an average rating of “Hold” and a consensus price target of $91.31.
Citrix Systems, Inc. (NASDAQ CTXS) opened at $85.75 on Monday. The stock has a market capitalization of $12,920.38, a PE ratio of -357.29, a P/E/G ratio of 2.72 and a beta of 1.34. Citrix Systems, Inc. has a 52-week low of $73.33 and a 52-week high of $95.00. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.06. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The firm had revenue of $777.90 million for the quarter, compared to analysts’ expectations of $778.49 million. During the same quarter in the previous year, the firm posted $1.61 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts expect that Citrix Systems, Inc. will post 3.88 earnings per share for the current fiscal year.
Citrix Systems announced that its Board of Directors has approved a stock buyback program on Monday, November 13th that permits the company to buyback $1.70 billion in outstanding shares. This buyback authorization permits the cloud computing company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Citrix Systems news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $92.62, for a total transaction of $1,157,750.00. Following the transaction, the chief executive officer now owns 281,777 shares in the company, valued at approximately $26,098,185.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rotterdam Jeroen Van sold 8,530 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $84.58, for a total value of $721,467.40. Following the transaction, the senior vice president now owns 67,122 shares in the company, valued at approximately $5,677,178.76. The disclosure for this sale can be found here. Insiders have sold a total of 96,030 shares of company stock worth $8,341,942 in the last quarter. 0.44% of the stock is currently owned by insiders.
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About Citrix Systems
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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