YHB Investment Advisors Inc. boosted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,398 shares of the cloud computing company’s stock after purchasing an additional 2,140 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Citrix Systems were worth $2,705,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its position in shares of Citrix Systems by 1.4% during the third quarter. LPL Financial LLC now owns 35,942 shares of the cloud computing company’s stock worth $3,995,000 after purchasing an additional 484 shares during the period. New Amsterdam Partners LLC NY raised its position in Citrix Systems by 16.5% in the 3rd quarter. New Amsterdam Partners LLC NY now owns 3,825 shares of the cloud computing company’s stock valued at $425,000 after buying an additional 541 shares during the last quarter. South State Corp raised its position in Citrix Systems by 7.6% in the 3rd quarter. South State Corp now owns 8,245 shares of the cloud computing company’s stock valued at $916,000 after buying an additional 579 shares during the last quarter. Commerce Bank raised its position in Citrix Systems by 15.2% in the 3rd quarter. Commerce Bank now owns 4,482 shares of the cloud computing company’s stock valued at $498,000 after buying an additional 593 shares during the last quarter. Finally, Hartford Investment Management Co. raised its position in Citrix Systems by 2.9% in the 3rd quarter. Hartford Investment Management Co. now owns 21,577 shares of the cloud computing company’s stock valued at $2,398,000 after buying an additional 608 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.
In other Citrix Systems news, insider Robert Calderoni sold 17,353 shares of the company’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $105.02, for a total value of $1,822,412.06. Following the completion of the transaction, the insider now owns 92,141 shares of the company’s stock, valued at approximately $9,676,647.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Minahan sold 1,836 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $100.55, for a total value of $184,609.80. Following the completion of the transaction, the executive vice president now directly owns 46,074 shares of the company’s stock, valued at approximately $4,632,740.70. The disclosure for this sale can be found here. Insiders have sold a total of 44,196 shares of company stock valued at $4,644,920 in the last three months. 0.56% of the stock is owned by insiders.
CTXS has been the topic of a number of recent research reports. BidaskClub lowered Citrix Systems from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Wedbush initiated coverage on Citrix Systems in a research report on Thursday, October 18th. They issued a “neutral” rating and a $115.00 target price on the stock. Bank of America dropped their target price on Citrix Systems from $123.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Citigroup lifted their target price on Citrix Systems from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, Robert W. Baird lowered their price target on Citrix Systems from $120.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $113.57.
Shares of NASDAQ:CTXS traded up $0.29 during trading on Friday, reaching $106.14. 87,543 shares of the company traded hands, compared to its average volume of 1,686,269. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.83. Citrix Systems, Inc. has a 52 week low of $83.70 and a 52 week high of $116.82.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.15. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. The company had revenue of $732.47 million during the quarter, compared to analysts’ expectations of $722.76 million. During the same quarter in the previous year, the firm earned $1.22 EPS. Citrix Systems’s revenue was up 6.0% on a year-over-year basis. Research analysts predict that Citrix Systems, Inc. will post 4.39 EPS for the current fiscal year.
Citrix Systems announced that its board has approved a share repurchase plan on Wednesday, October 24th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the cloud computing company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Friday, December 7th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.32%. Citrix Systems’s dividend payout ratio (DPR) is currently 33.82%.
Citrix Systems Profile
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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