Retirement Systems of Alabama reduced its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,884 shares of the cloud computing company’s stock after selling 4,444 shares during the quarter. Retirement Systems of Alabama’s holdings in Citrix Systems were worth $5,201,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC bought a new position in Citrix Systems in the third quarter valued at approximately $25,000. Covington Capital Management boosted its stake in Citrix Systems by 175.0% in the second quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Quest Capital Management Inc. ADV bought a new position in Citrix Systems in the third quarter valued at approximately $27,000. Guinness Asset Management Ltd boosted its stake in Citrix Systems by 83.8% in the second quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock valued at $28,000 after acquiring an additional 134 shares during the last quarter. Finally, CWM LLC boosted its stake in Citrix Systems by 65.1% in the third quarter. CWM LLC now owns 312 shares of the cloud computing company’s stock valued at $30,000 after acquiring an additional 123 shares during the last quarter.
In related news, CAO Jessica Soisson sold 5,400 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $96.33, for a total transaction of $520,182.00. Following the sale, the chief accounting officer now directly owns 32,797 shares in the company, valued at $3,159,335.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark J. Ferrer sold 1,245 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $108.74, for a total transaction of $135,381.30. Following the sale, the executive vice president now owns 62,133 shares in the company, valued at $6,756,342.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,860 shares of company stock worth $4,857,182. Company insiders own 0.54% of the company’s stock.
CTXS opened at $110.11 on Friday. The firm’s fifty day moving average is $100.95 and its two-hundred day moving average is $97.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74. The firm has a market cap of $14.17 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 4.30 and a beta of 1.07. Citrix Systems, Inc. has a twelve month low of $90.28 and a twelve month high of $112.27.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.27. The company had revenue of $733.00 million for the quarter, compared to analyst estimates of $715.05 million. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. Equities analysts forecast that Citrix Systems, Inc. will post 3.85 EPS for the current fiscal year.
A number of equities analysts have issued reports on the stock. Barclays set a $107.00 price objective on shares of Citrix Systems and gave the company a “hold” rating in a research note on Friday, November 1st. BidaskClub raised shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 18th. Jefferies Financial Group raised shares of Citrix Systems from an “underperform” rating to a “hold” rating and raised their price objective for the company from $80.00 to $105.00 in a research note on Tuesday, October 29th. Wedbush reaffirmed a “hold” rating and issued a $92.00 price objective on shares of Citrix Systems in a research note on Friday, October 25th. Finally, ValuEngine raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Citrix Systems presently has a consensus rating of “Hold” and an average price target of $105.33.
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.
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