Commonwealth Bank of Australia Acquires 504 Shares of Citrix Systems, Inc. (CTXS)

Commonwealth Bank of Australia increased its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,109 shares of the cloud computing company’s stock after buying an additional 504 shares during the period. Commonwealth Bank of Australia’s holdings in Citrix Systems were worth $1,236,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Citrix Systems by 43.4% in the 4th quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock worth $33,000 after buying an additional 98 shares in the last quarter. Bessemer Group Inc. raised its stake in Citrix Systems by 8.1% in the 4th quarter. Bessemer Group Inc. now owns 1,659 shares of the cloud computing company’s stock valued at $169,000 after purchasing an additional 124 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in Citrix Systems by 0.9% in the 4th quarter. Arcadia Investment Management Corp MI now owns 14,090 shares of the cloud computing company’s stock valued at $1,444,000 after purchasing an additional 130 shares during the last quarter. Cerity Partners LLC raised its stake in Citrix Systems by 3.1% in the 4th quarter. Cerity Partners LLC now owns 4,546 shares of the cloud computing company’s stock valued at $466,000 after purchasing an additional 137 shares during the last quarter. Finally, Securian Asset Management Inc raised its stake in Citrix Systems by 1.1% in the 4th quarter. Securian Asset Management Inc now owns 13,227 shares of the cloud computing company’s stock valued at $1,355,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

In other news, insider Robert Calderoni sold 2,136 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $101.03, for a total transaction of $215,800.08. Following the completion of the transaction, the insider now owns 109,494 shares of the company’s stock, valued at approximately $11,062,178.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matto Andrew H. Del sold 582 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $106.78, for a total transaction of $62,145.96. Following the transaction, the chief financial officer now directly owns 60,294 shares of the company’s stock, valued at approximately $6,438,193.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,071 shares of company stock valued at $2,711,264. Corporate insiders own 0.56% of the company’s stock.

NASDAQ CTXS opened at $101.66 on Friday. Citrix Systems, Inc. has a 12 month low of $90.32 and a 12 month high of $116.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.71. The stock has a market cap of $13.20 billion, a PE ratio of 22.20, a P/E/G ratio of 2.66 and a beta of 1.02.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.08. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The company had revenue of $802.00 million during the quarter, compared to the consensus estimate of $791.27 million. During the same quarter in the prior year, the company posted $1.66 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts expect that Citrix Systems, Inc. will post 4.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, March 7th. Citrix Systems’s dividend payout ratio is currently 30.57%.

CTXS has been the subject of several analyst reports. BidaskClub downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a research note on Wednesday, January 23rd. Wedbush cut their target price on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, January 24th. Finally, Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Citrix Systems presently has an average rating of “Hold” and a consensus price target of $113.77.

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About Citrix Systems

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

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