Riverhead Capital Management LLC Has $2.90 Million Position in Citrix Systems, Inc. (CTXS)

Riverhead Capital Management LLC lifted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 24.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,088 shares of the cloud computing company’s stock after buying an additional 5,180 shares during the period. Riverhead Capital Management LLC’s holdings in Citrix Systems were worth $2,900,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CTXS. Renaissance Technologies LLC boosted its position in shares of Citrix Systems by 414.0% during the second quarter. Renaissance Technologies LLC now owns 1,751,190 shares of the cloud computing company’s stock valued at $183,595,000 after buying an additional 1,410,500 shares during the last quarter. Millennium Management LLC boosted its position in shares of Citrix Systems by 154.3% during the second quarter. Millennium Management LLC now owns 1,331,695 shares of the cloud computing company’s stock valued at $139,615,000 after buying an additional 807,986 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Citrix Systems by 624.4% during the third quarter. Janus Henderson Group PLC now owns 512,741 shares of the cloud computing company’s stock valued at $56,996,000 after buying an additional 441,957 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Citrix Systems by 81.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 927,034 shares of the cloud computing company’s stock valued at $97,191,000 after buying an additional 416,446 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Citrix Systems by 61.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 985,368 shares of the cloud computing company’s stock worth $109,199,000 after acquiring an additional 373,415 shares during the period. 99.76% of the stock is currently owned by institutional investors.

In other news, EVP Mark J. Ferrer sold 1,388 shares of Citrix Systems stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $107.41, for a total value of $149,085.08. Following the completion of the transaction, the executive vice president now directly owns 62,013 shares in the company, valued at $6,660,816.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Rotterdam Jeroen Van sold 7,766 shares of Citrix Systems stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $109.78, for a total value of $852,551.48. Following the completion of the transaction, the executive vice president now owns 59,685 shares of the company’s stock, valued at $6,552,219.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,783 shares of company stock valued at $2,973,266. 0.56% of the stock is owned by company insiders.

Shares of CTXS opened at $107.37 on Friday. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.72 and a beta of 1.37. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.83. Citrix Systems, Inc. has a 1 year low of $83.70 and a 1 year high of $116.82.

Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.15. The firm had revenue of $732.47 million for the quarter, compared to analyst estimates of $722.76 million. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. Research analysts anticipate that Citrix Systems, Inc. will post 4.39 earnings per share for the current fiscal year.

Citrix Systems declared that its board has initiated a share repurchase program on Wednesday, October 24th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the cloud computing company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, December 6th. Citrix Systems’s dividend payout ratio (DPR) is presently 33.82%.

A number of analysts recently commented on CTXS shares. Robert W. Baird dropped their price target on Citrix Systems from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. BidaskClub lowered Citrix Systems from a “buy” rating to a “hold” rating in a report on Tuesday. Wedbush started coverage on Citrix Systems in a report on Thursday, October 18th. They set a “neutral” rating and a $115.00 price target on the stock. Citigroup lifted their price target on Citrix Systems from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $114.21.

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About Citrix Systems

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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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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