Chicago Equity Partners LLC lifted its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 524.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,720 shares of the cloud computing company’s stock after purchasing an additional 19,080 shares during the quarter. Chicago Equity Partners LLC’s holdings in Citrix Systems were worth $2,526,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC lifted its position in Citrix Systems by 414.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,751,190 shares of the cloud computing company’s stock worth $183,595,000 after acquiring an additional 1,410,500 shares during the period. Millennium Management LLC lifted its position in Citrix Systems by 154.3% during the 2nd quarter. Millennium Management LLC now owns 1,331,695 shares of the cloud computing company’s stock worth $139,615,000 after acquiring an additional 807,986 shares during the period. Wedge Capital Management L L P NC lifted its position in Citrix Systems by 6,420.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 615,107 shares of the cloud computing company’s stock worth $64,488,000 after acquiring an additional 605,674 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Citrix Systems by 81.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 927,034 shares of the cloud computing company’s stock worth $97,191,000 after acquiring an additional 416,446 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Citrix Systems by 224.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 484,270 shares of the cloud computing company’s stock worth $53,831,000 after acquiring an additional 335,228 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.
Shares of CTXS stock opened at $107.01 on Friday. The stock has a market capitalization of $14.43 billion, a PE ratio of 23.22, a P/E/G ratio of 2.67 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. Citrix Systems, Inc. has a 52-week low of $83.11 and a 52-week high of $116.82.
Citrix Systems declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 24th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the cloud computing company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.31%.
In other news, VP Jessica Soisson sold 1,136 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $113.78, for a total value of $129,254.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert Calderoni sold 2,128 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $102.34, for a total value of $217,779.52. Following the completion of the transaction, the chairman now directly owns 138,772 shares of the company’s stock, valued at approximately $14,201,926.48. The disclosure for this sale can be found here. In the last three months, insiders sold 21,641 shares of company stock valued at $2,315,751. Insiders own 0.56% of the company’s stock.
A number of analysts have commented on the company. Morgan Stanley lifted their price target on Citrix Systems from $92.00 to $101.00 and gave the stock an “underweight” rating in a research report on Thursday, July 26th. Barclays lifted their price target on Citrix Systems from $112.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Friday, September 7th. Wells Fargo & Co lifted their price target on Citrix Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 24th. BidaskClub cut Citrix Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Robert W. Baird cut Citrix Systems from an “outperform” rating to a “neutral” rating and set a $110.00 price target for the company. in a research report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $113.93.
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Citrix Systems 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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