Sandy Spring Bank Sells 625 Shares of Citrix Systems, Inc. (CTXS)

Sandy Spring Bank cut its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 16,638 shares of the cloud computing company’s stock after selling 625 shares during the period. Sandy Spring Bank’s holdings in Citrix Systems were worth $1,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. boosted its position in Citrix Systems by 6.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,305 shares of the cloud computing company’s stock worth $422,000 after acquiring an additional 322 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Citrix Systems by 3.5% during the second quarter. PNC Financial Services Group Inc. now owns 11,521 shares of the cloud computing company’s stock worth $918,000 after acquiring an additional 389 shares during the last quarter. Caxton Associates LP boosted its position in Citrix Systems by 9.2% during the second quarter. Caxton Associates LP now owns 7,100 shares of the cloud computing company’s stock worth $565,000 after acquiring an additional 600 shares during the last quarter. Pacer Advisors Inc. boosted its position in Citrix Systems by 9.8% during the third quarter. Pacer Advisors Inc. now owns 7,339 shares of the cloud computing company’s stock worth $564,000 after acquiring an additional 655 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in Citrix Systems by 4.7% during the third quarter. First Republic Investment Management Inc. now owns 16,245 shares of the cloud computing company’s stock worth $1,248,000 after acquiring an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

A number of research firms recently weighed in on CTXS. Sanford C. Bernstein boosted their price target on shares of Citrix Systems from $95.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Mizuho restated a “buy” rating and set a $101.00 price target on shares of Citrix Systems in a research report on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 target price (up from $86.00) on shares of Citrix Systems in a research note on Thursday, February 1st. BidaskClub raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, Bank of America lifted their target price on shares of Citrix Systems from $91.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $91.31.

In other news, SVP Rotterdam Jeroen Van sold 8,530 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $84.58, for a total value of $721,467.40. Following the sale, the senior vice president now directly owns 67,122 shares of the company’s stock, valued at approximately $5,677,178.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Calderoni sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $85.61, for a total transaction of $5,136,600.00. Following the completion of the sale, the insider now directly owns 178,706 shares in the company, valued at $15,299,020.66. The disclosure for this sale can be found here. Insiders sold a total of 111,030 shares of company stock worth $9,605,867 over the last three months. Insiders own 0.44% of the company’s stock.

Citrix Systems, Inc. (CTXS) opened at $89.07 on Tuesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.55 and a current ratio of 1.55. Citrix Systems, Inc. has a 52 week low of $73.33 and a 52 week high of $95.00. The company has a market cap of $13,890.76, a PE ratio of -371.13, a price-to-earnings-growth ratio of 3.04 and a beta of 1.34.

Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. The company had revenue of $777.90 million for the quarter, compared to the consensus estimate of $778.49 million. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. Citrix Systems’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 earnings per share. equities analysts predict that Citrix Systems, Inc. will post 3.74 EPS for the current fiscal year.

Citrix Systems announced that its board has initiated a share repurchase plan on Monday, November 13th that authorizes the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization authorizes the cloud computing company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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Citrix Systems Company Profile

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

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