First Allied Advisory Services Inc. lessened its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 24.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,629 shares of the cloud computing company’s stock after selling 2,812 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Citrix Systems were worth $748,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTXS. NuWave Investment Management LLC bought a new position in Citrix Systems in the fourth quarter valued at $107,000. Advisory Services Network LLC increased its stake in Citrix Systems by 346.8% in the fourth quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock valued at $130,000 after acquiring an additional 1,148 shares during the last quarter. Grove Bank & Trust increased its stake 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 acquiring an additional 768 shares during the last quarter. Rational Advisors LLC bought a new position in Citrix Systems in the fourth quarter valued at $194,000. Finally, WESPAC Advisors LLC bought a new position in Citrix Systems in the fourth quarter valued at $208,000. 92.00% of the stock is currently owned by institutional investors and hedge funds.
Citrix Systems, Inc. (NASDAQ CTXS) opened at $91.61 on Friday. Citrix Systems, Inc. has a 12 month low of $73.33 and a 12 month high of $95.00. The stock has a market capitalization of $12,441.46, a PE ratio of 22.02, a PEG ratio of 2.90 and a beta of 1.34. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.55 and a current ratio of 1.55.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.06. The firm had revenue of $777.90 million for the quarter, compared to analysts’ expectations of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.61 earnings per share. sell-side analysts anticipate that Citrix Systems, Inc. will post 3.88 EPS for the current fiscal year.
Citrix Systems announced that its board has authorized a share buyback program on Monday, November 13th that permits the company to buyback $1.70 billion in shares. This buyback authorization permits the cloud computing company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
A number of research analysts recently commented on the company. Stifel Nicolaus reduced their target price on Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. Bank of America increased their target price on Citrix Systems from $91.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. BidaskClub raised Citrix Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Mizuho reissued a “buy” rating and issued a $101.00 target price (up previously from $92.00) on shares of Citrix Systems in a research note on Wednesday, January 17th. Finally, Barclays cut Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective on the stock. in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $91.31.
In other news, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total transaction of $222,250.00. Following the completion of the sale, the chief financial officer now directly owns 36,012 shares in the company, valued at $3,201,466.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 281,777 shares of the company’s stock, valued at $26,098,185.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,500 shares of company stock valued at $2,483,875. 0.44% of the stock is currently owned by company 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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