Signet Financial Management LLC Cuts Position in Citrix Systems, Inc. (NASDAQ:CTXS)

Signet Financial Management LLC lessened its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 9.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,073 shares of the cloud computing company’s stock after selling 3,058 shares during the period. Signet Financial Management LLC’s holdings in Citrix Systems were worth $2,683,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CTXS. Strategy Asset Managers LLC purchased a new position in Citrix Systems in the 1st quarter valued at about $25,000. Guinness Asset Management Ltd increased its holdings in Citrix Systems by 83.8% in the second quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock valued at $28,000 after buying an additional 134 shares during the last quarter. Glassman Wealth Services increased its holdings in Citrix Systems by 46.5% in the first quarter. Glassman Wealth Services now owns 334 shares of the cloud computing company’s stock valued at $33,000 after buying an additional 106 shares during the last quarter. Coastal Investment Advisors Inc. raised its stake in Citrix Systems by 107.6% during the second quarter. Coastal Investment Advisors Inc. now owns 384 shares of the cloud computing company’s stock valued at $38,000 after buying an additional 199 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Citrix Systems during the second quarter valued at approximately $38,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CTXS traded up $0.74 during midday trading on Wednesday, reaching $96.50. 99,559 shares of the company traded hands, compared to its average volume of 1,667,413. Citrix Systems, Inc. has a twelve month low of $90.28 and a twelve month high of $112.87. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 3.41 and a beta of 1.01. 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 company has a fifty day moving average price of $93.38 and a 200 day moving average price of $97.91.

Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.27. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. The firm had revenue of $748.70 million for the quarter, compared to analyst estimates of $772.00 million. During the same period last year, the company earned $1.28 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts forecast that Citrix Systems, Inc. will post 3.8 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, September 5th. Citrix Systems’s dividend payout ratio is 30.57%.

Several research analysts have recently commented on CTXS shares. ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. 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 research note on Thursday, July 25th. Wedbush reiterated a “hold” rating and set a $95.00 target price on shares of Citrix Systems in a research note on Thursday, July 25th. Deutsche Bank raised shares of Citrix Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $110.00 to $120.00 in a report on Thursday, June 6th. Finally, BidaskClub raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Citrix Systems has a consensus rating of “Hold” and a consensus price target of $109.71.

In other Citrix Systems news, EVP Rotterdam Jeroen Van sold 4,288 shares of Citrix Systems stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $92.06, for a total transaction of $394,753.28. Following the transaction, the executive vice president now owns 63,806 shares of the company’s stock, valued at approximately $5,873,980.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David J. Henshall sold 6,353 shares of Citrix Systems stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $94.11, for a total value of $597,880.83. Following the transaction, the chief executive officer now directly owns 361,803 shares in the company, valued at approximately $34,049,280.33. The disclosure for this sale can be found here. Insiders have sold 29,073 shares of company stock valued at $2,734,369 over the last ninety days. Insiders own 0.54% of the company’s stock.

Citrix Systems Profile

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

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