Canton Hathaway LLC bought a new stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,825 shares of the cloud computing company’s stock, valued at approximately $1,537,000. Citrix Systems comprises 1.0% of Canton Hathaway LLC’s investment portfolio, making the stock its 10th biggest position.
Other institutional investors also recently made changes to their positions in the company. Atria Investments LLC lifted its holdings in shares of Citrix Systems by 53.8% in the 3rd quarter. Atria Investments LLC now owns 3,528 shares of the cloud computing company’s stock worth $392,000 after acquiring an additional 1,234 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Citrix Systems by 17.3% in the 3rd quarter. CHURCHILL MANAGEMENT Corp now owns 30,028 shares of the cloud computing company’s stock worth $3,338,000 after acquiring an additional 4,431 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Citrix Systems in the 3rd quarter worth approximately $685,000. Clarus Wealth Advisors bought a new stake in shares of Citrix Systems in the 3rd quarter worth approximately $282,000. Finally, Pensionfund DSM Netherlands bought a new stake in shares of Citrix Systems in the 3rd quarter worth approximately $2,446,000. Institutional investors and hedge funds own 95.37% of the company’s stock.
Shares of NASDAQ CTXS traded up $0.46 during mid-day trading on Friday, hitting $102.57. The stock had a trading volume of 126,742 shares, compared to its average volume of 1,659,380. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. Citrix Systems, Inc. has a 1 year low of $79.99 and a 1 year high of $116.82. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.90 and a beta of 1.19.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, July 25th. The cloud computing company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.20 by $0.08. Citrix Systems had a net margin of 3.23% and a return on equity of 64.77%. The company had revenue of $742.36 million for the quarter, compared to the consensus estimate of $716.33 million. During the same period in the previous year, the firm earned $103.00 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Citrix Systems, Inc. will post 4.2 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Citrix Systems from $92.00 to $101.00 and gave the stock an “underweight” rating in a report on Thursday, July 26th. Barclays boosted their price objective on shares of Citrix Systems from $112.00 to $114.00 and gave the stock an “equal weight” rating in a report on Friday, September 7th. Wells Fargo & Co boosted their price objective on shares of Citrix Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, July 24th. BidaskClub lowered shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Robert W. Baird lowered shares of Citrix Systems from an “outperform” rating to a “neutral” rating and set a $110.00 price objective for the company. in a report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $114.21.
In related news, insider Robert Calderoni sold 2,128 shares of Citrix Systems stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $110.20, for a total value of $234,505.60. Following the transaction, the insider now directly owns 151,427 shares of the company’s stock, valued at $16,687,255.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rotterdam Jeroen Van sold 7,766 shares of the business’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $109.78, for a total transaction of $852,551.48. Following the transaction, the executive vice president now directly owns 59,685 shares in the company, valued at $6,552,219.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,158 shares of company stock worth $1,457,371. 0.56% of the stock is owned by insiders.
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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