Citrix Systems, Inc. (NASDAQ:CTXS) insider Robert Calderoni sold 17,353 shares of Citrix Systems stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $105.02, for a total value of $1,822,412.06. Following the transaction, the insider now owns 92,141 shares of the company’s stock, valued at approximately $9,676,647.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Robert Calderoni also recently made the following trade(s):
- On Wednesday, January 2nd, Robert Calderoni sold 2,136 shares of Citrix Systems stock. The stock was sold at an average price of $101.03, for a total value of $215,800.08.
- On Monday, December 3rd, Robert Calderoni sold 2,128 shares of Citrix Systems stock. The stock was sold at an average price of $110.14, for a total value of $234,377.92.
- On Thursday, November 1st, Robert Calderoni sold 2,128 shares of Citrix Systems stock. The stock was sold at an average price of $102.34, for a total value of $217,779.52.
Shares of NASDAQ:CTXS opened at $106.14 on Friday. Citrix Systems, Inc. has a 12-month low of $83.70 and a 12-month high of $116.82. The company has a market cap of $14.13 billion, a PE ratio of 25.64, a PEG ratio of 2.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.82.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.15. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. The company had revenue of $732.47 million during the quarter, compared to analysts’ expectations of $722.76 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Citrix Systems, Inc. will post 4.39 earnings per share for the current fiscal year.
Citrix Systems announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 24th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the cloud computing company to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Friday, December 7th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, December 6th. Citrix Systems’s dividend payout ratio is presently 33.82%.
Several large investors have recently modified their holdings of the company. Bain Capital Public Equity Management LLC raised its position in shares of Citrix Systems by 24.4% in the second quarter. Bain Capital Public Equity Management LLC now owns 852,065 shares of the cloud computing company’s stock valued at $89,330,000 after buying an additional 167,031 shares in the last quarter. Bridgewater Associates LP acquired a new stake in shares of Citrix Systems in the third quarter valued at approximately $5,075,000. Pensionfund Sabic acquired a new stake in shares of Citrix Systems in the third quarter valued at approximately $1,779,000. SP Asset Management acquired a new stake in shares of Citrix Systems in the second quarter valued at approximately $465,000. Finally, Schroder Investment Management Group raised its position in shares of Citrix Systems by 221.2% in the third quarter. Schroder Investment Management Group now owns 283,728 shares of the cloud computing company’s stock valued at $31,539,000 after buying an additional 195,390 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a report on Tuesday, December 18th. BidaskClub cut Citrix Systems from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $113.57.
Citrix Systems Company 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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