Ladenburg Thalmann Financial Services Inc. lessened its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 48.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,622 shares of the cloud computing company’s stock after selling 7,176 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Citrix Systems were worth $747,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eaton Vance Management boosted its holdings in shares of Citrix Systems by 0.5% in the 2nd quarter. Eaton Vance Management now owns 39,920 shares of the cloud computing company’s stock valued at $3,918,000 after buying an additional 204 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Citrix Systems by 9.3% in the 2nd quarter. California Public Employees Retirement System now owns 1,029,631 shares of the cloud computing company’s stock valued at $101,048,000 after buying an additional 87,600 shares in the last quarter. Covington Capital Management boosted its holdings in shares of Citrix Systems by 175.0% in the 2nd quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock valued at $27,000 after buying an additional 175 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of Citrix Systems by 18.3% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 312,446 shares of the cloud computing company’s stock valued at $30,663,000 after buying an additional 48,331 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in shares of Citrix Systems by 309.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 271,009 shares of the cloud computing company’s stock valued at $26,597,000 after buying an additional 204,873 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Wedbush restated a “hold” rating and issued a $95.00 target price on shares of Citrix Systems in a report on Thursday, July 25th. Jefferies Financial Group lowered their target price on shares of Citrix Systems from $85.00 to $80.00 and set an “underperform” rating for the company in a report on Tuesday. BidaskClub upgraded shares of Citrix Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Morgan Stanley lowered their target price on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $106.00.
Shares of NASDAQ:CTXS opened at $98.22 on Friday. The stock has a market cap of $12.64 billion, a P/E ratio of 23.50, a P/E/G ratio of 3.50 and a beta of 1.02. The firm has a fifty day moving average price of $95.01 and a 200 day moving average price of $96.93. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.76 and a quick ratio of 0.74. Citrix Systems, Inc. has a 1-year low of $90.28 and a 1-year high of $112.27.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.27. The firm had revenue of $748.70 million during the quarter, compared to analysts’ expectations of $772.00 million. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. Citrix Systems’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. Sell-side analysts expect that Citrix Systems, Inc. will post 3.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, September 5th. Citrix Systems’s dividend payout ratio is currently 30.57%.
In related news, CEO David J. Henshall sold 6,353 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $94.11, for a total transaction of $597,880.83. Following the completion of the sale, the chief executive officer now owns 361,803 shares in the company, valued at approximately $34,049,280.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rotterdam Jeroen Van sold 4,288 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $92.06, for a total transaction of $394,753.28. Following the sale, the executive vice president now owns 63,806 shares of the company’s stock, valued at approximately $5,873,980.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,473 shares of company stock valued at $3,238,732. 0.54% of the stock is owned by company insiders.
About Citrix Systems
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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