Hudson Valley Investment Advisors Inc. ADV reduced its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,495 shares of the cloud computing company’s stock after selling 400 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Citrix Systems were worth $1,030,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CTXS. Norges Bank acquired a new position in Citrix Systems in the 4th quarter valued at approximately $147,447,000. Nordea Investment Management AB increased its position in shares of Citrix Systems by 694.1% during the first quarter. Nordea Investment Management AB now owns 1,220,537 shares of the cloud computing company’s stock worth $121,638,000 after buying an additional 1,066,829 shares during the period. First Trust Advisors LP increased its position in shares of Citrix Systems by 25.9% during the first quarter. First Trust Advisors LP now owns 3,073,877 shares of the cloud computing company’s stock worth $306,343,000 after buying an additional 632,553 shares during the period. Acadian Asset Management LLC increased its position in shares of Citrix Systems by 176.1% during the first quarter. Acadian Asset Management LLC now owns 686,262 shares of the cloud computing company’s stock worth $68,395,000 after buying an additional 437,687 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Citrix Systems by 100.6% during the first quarter. Janus Henderson Group PLC now owns 862,969 shares of the cloud computing company’s stock worth $86,003,000 after buying an additional 432,825 shares during the period. 97.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of CTXS opened at $91.51 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.74 and a current ratio of 0.76. Citrix Systems, Inc. has a fifty-two week low of $90.28 and a fifty-two week high of $114.55. The firm has a 50 day moving average price of $96.97 and a 200-day moving average price of $99.39. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 3.32 and a beta of 1.01.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 EPS for the quarter, topping 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 company had revenue of $748.70 million for the quarter, compared to the consensus estimate of $772.00 million. During the same period in the previous year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities research analysts predict that Citrix Systems, Inc. will post 3.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given 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 of this dividend is Thursday, September 5th. Citrix Systems’s payout ratio is currently 30.57%.
In other Citrix Systems news, CEO David J. Henshall sold 4,367 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $93.99, for a total transaction of $410,454.33. Following the transaction, the chief executive officer now owns 373,960 shares in the company, valued at approximately $35,148,500.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter John Sacripanti sold 5,726 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $91.40, for a total transaction of $523,356.40. Following the sale, the director now directly owns 14,249 shares of the company’s stock, valued at approximately $1,302,358.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,311 shares of company stock worth $2,674,467. Insiders own 0.54% of the company’s stock.
CTXS has been the topic of several research analyst reports. Deutsche Bank raised shares of Citrix Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $110.00 to $120.00 in a research note on Thursday, June 6th. ValuEngine lowered shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Wedbush reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Citrix Systems in a research note on Thursday, July 25th. Morgan Stanley dropped their price objective on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research note on Thursday, July 25th. Finally, Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $110.25.
About Citrix Systems
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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