Dupont Capital Management Corp increased its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 98.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,696 shares of the cloud computing company’s stock after buying an additional 27,598 shares during the quarter. Dupont Capital Management Corp’s holdings in Citrix Systems were worth $6,191,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. First Trust Advisors LP lifted its position in shares of Citrix Systems by 7.5% during the 3rd quarter. First Trust Advisors LP now owns 3,021,416 shares of the cloud computing company’s stock worth $335,861,000 after buying an additional 209,493 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in shares of Citrix Systems by 14.6% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,280,058 shares of the cloud computing company’s stock worth $253,451,000 after buying an additional 291,119 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Citrix Systems by 414.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,751,190 shares of the cloud computing company’s stock worth $183,595,000 after buying an additional 1,410,500 shares during the last quarter. Millennium Management LLC lifted its position in shares of Citrix Systems by 154.3% during the 2nd quarter. Millennium Management LLC now owns 1,331,695 shares of the cloud computing company’s stock worth $139,615,000 after buying an additional 807,986 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Citrix Systems by 81.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 927,034 shares of the cloud computing company’s stock worth $97,191,000 after buying an additional 416,446 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.
Several analysts recently weighed in on CTXS shares. Stifel Nicolaus upped their price objective on Citrix Systems from $105.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Robert W. Baird dropped their price objective on Citrix Systems from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Wedbush started coverage on Citrix Systems in a research report on Thursday, October 18th. They set a “neutral” rating and a $115.00 price objective for the company. Citigroup upped their price objective on Citrix Systems from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 25th. Finally, BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $113.93.
Citrix Systems stock opened at $107.01 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.65 and a beta of 1.36. Citrix Systems, Inc. has a 12 month low of $83.11 and a 12 month high of $116.82.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.25 by $0.15. The firm had revenue of $732.47 million during the quarter, compared to the consensus estimate of $722.76 million. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. On average, research analysts anticipate that Citrix Systems, Inc. will post 4.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be given a $0.35 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.40 annualized dividend and a yield of 1.31%.
Citrix Systems announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 24th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the cloud computing company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other Citrix Systems news, VP Jessica Soisson sold 1,136 shares of the stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $113.78, for a total value of $129,254.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert Calderoni sold 2,128 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $102.34, for a total value of $217,779.52. Following the completion of the transaction, the chairman now owns 138,772 shares of the company’s stock, valued at $14,201,926.48. The disclosure for this sale can be found here. Insiders sold 21,641 shares of company stock valued at $2,315,751 over the last quarter. Corporate insiders own 0.56% of the company’s stock.
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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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