State of Alaska Department of Revenue grew its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,511 shares of the cloud computing company’s stock after buying an additional 170 shares during the period. State of Alaska Department of Revenue’s holdings in Citrix Systems were worth $3,138,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pearl River Capital LLC purchased a new stake in shares of Citrix Systems during the 4th quarter valued at $26,000. Smart Portfolios LLC purchased a new stake in shares of Citrix Systems during the 4th quarter valued at $29,000. CWM LLC grew its stake 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 valued at $33,000 after buying an additional 98 shares during the period. Essex Savings Bank purchased a new stake in Citrix Systems during the 4th quarter worth $43,000. Finally, Lindbrook Capital LLC purchased a new stake in Citrix Systems during the 4th quarter worth $69,000. 99.93% of the stock is owned by institutional investors.
A number of analysts recently weighed in on CTXS shares. BidaskClub cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Tuesday, December 18th. Wedbush decreased their price target on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, January 24th. Finally, TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $113.77.
Shares of CTXS stock opened at $102.27 on Monday. Citrix Systems, Inc. has a 12 month low of $93.90 and a 12 month high of $116.82. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.70 and a beta of 1.01.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The firm had revenue of $802.00 million for the quarter, compared to analyst estimates of $791.27 million. During the same quarter in the previous year, the business posted $1.66 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts forecast that Citrix Systems, Inc. will post 4.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.40 dividend on an annualized basis and a yield of 1.37%. Citrix Systems’s dividend payout ratio is currently 30.57%.
In other news, CEO David J. Henshall sold 4,298 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $100.00, for a total value of $429,800.00. Following the sale, the chief executive officer now owns 355,156 shares in the company, valued at approximately $35,515,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matto Andrew H. Del sold 582 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $106.78, for a total transaction of $62,145.96. Following the completion of the sale, the chief financial officer now owns 60,294 shares in the company, valued at approximately $6,438,193.32. The disclosure for this sale can be found here. Insiders sold a total of 12,087 shares of company stock worth $1,222,251 in the last quarter. 0.56% of the stock is currently owned by company insiders.
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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.
Further Reading: What is the Quick Ratio?
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