QS Investors LLC lessened its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,624 shares of the cloud computing company’s stock after selling 7,213 shares during the period. QS Investors LLC owned 0.06% of Citrix Systems worth $8,063,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. NuWave Investment Management LLC acquired a new stake in shares of Citrix Systems in the 4th quarter valued at $107,000. Advisory Services Network LLC boosted its holdings in shares of Citrix Systems by 346.8% in the 4th quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock valued at $130,000 after purchasing an additional 1,148 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of Citrix Systems in the 4th quarter valued at $172,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Citrix Systems by 197.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,090 shares of the cloud computing company’s stock valued at $184,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Rational Advisors LLC acquired a new stake in shares of Citrix Systems during the 4th quarter valued at $194,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.
In related news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $92.62, for a total value of $1,157,750.00. Following the completion of the sale, the chief executive officer now directly owns 281,777 shares of the company’s stock, valued at approximately $26,098,185.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total value of $222,250.00. Following the completion of the sale, the chief financial officer now directly owns 36,012 shares of the company’s stock, valued at $3,201,466.80. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
Citrix Systems, Inc. (NASDAQ CTXS) opened at $95.51 on Monday. Citrix Systems, Inc. has a 12-month low of $73.33 and a 12-month high of $95.69. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $13,003.76, a PE ratio of 23.01, a PEG ratio of 3.01 and a beta of 1.29.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $777.90 million during the quarter, compared to analyst estimates of $778.49 million. During the same period in the previous year, the company posted $1.61 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. research analysts predict that Citrix Systems, Inc. will post 3.91 earnings per share for the current year.
Citrix Systems announced that its Board of Directors has approved a share repurchase plan on Monday, November 13th that permits the company to repurchase $1.70 billion in shares. This repurchase authorization permits the cloud computing company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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