Psagot Investment House Ltd. raised its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 260.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 720 shares of the cloud computing company’s stock after purchasing an additional 520 shares during the quarter. Psagot Investment House Ltd.’s holdings in Citrix Systems were worth $71,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. First Trust Advisors LP increased its stake in Citrix Systems by 25.9% during the 1st quarter. First Trust Advisors LP now owns 3,073,877 shares of the cloud computing company’s stock valued at $306,343,000 after purchasing an additional 632,553 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Citrix Systems by 1.4% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,021,171 shares of the cloud computing company’s stock valued at $201,429,000 after purchasing an additional 28,163 shares in the last quarter. Geode Capital Management LLC increased its stake in Citrix Systems by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,986,493 shares of the cloud computing company’s stock valued at $203,231,000 after purchasing an additional 103,540 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Citrix Systems by 694.1% during the 1st quarter. Nordea Investment Management AB now owns 1,220,537 shares of the cloud computing company’s stock valued at $121,638,000 after acquiring an additional 1,066,829 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Citrix Systems by 20.4% during the 1st quarter. California Public Employees Retirement System now owns 942,031 shares of the cloud computing company’s stock valued at $93,883,000 after acquiring an additional 159,447 shares during the last quarter. Institutional investors and hedge funds own 97.69% of the company’s stock.
Shares of NASDAQ CTXS traded down $0.44 during trading on Friday, reaching $91.98. 1,773,046 shares of the company traded hands, compared to its average volume of 2,618,176. The firm’s 50 day moving average price is $97.86. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a market capitalization of $11.96 billion, a PE ratio of 20.08, a PEG ratio of 3.29 and a beta of 1.01. Citrix Systems, Inc. has a 52-week low of $90.28 and a 52-week high of $114.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, September 5th. Citrix Systems’s payout ratio is 30.57%.
A number of analysts have recently issued reports on CTXS shares. BidaskClub downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Saturday. Deutsche Bank raised shares of Citrix Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $110.00 to $120.00 in a report on Thursday, June 6th. Zacks Investment Research downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Monday, April 29th. ValuEngine downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Morgan Stanley dropped their price target on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Citrix Systems presently has an average rating of “Hold” and a consensus price target of $110.25.
In related news, EVP Mark J. Ferrer sold 1,224 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $95.00, for a total value of $116,280.00. Following the transaction, the executive vice president now owns 70,348 shares of the company’s stock, valued at $6,683,060. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David J. Henshall sold 6,353 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $99.44, for a total transaction of $631,742.32. Following the completion of the transaction, the chief executive officer now directly owns 368,156 shares in the company, valued at approximately $36,609,432.64. The disclosure for this sale can be found here. In the last three months, insiders sold 18,297 shares of company stock worth $1,756,357. 0.54% of the stock is currently owned by 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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