New York State Common Retirement Fund lowered its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,972 shares of the cloud computing company’s stock after selling 2,600 shares during the quarter. New York State Common Retirement Fund owned 0.22% of Citrix Systems worth $31,382,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of CTXS. Cedar Capital LLC purchased a new stake in shares of Citrix Systems in the 4th quarter valued at $857,000. Corient Capital Partners LLC purchased a new stake in shares of Citrix Systems in the 4th quarter valued at $235,000. Victory Capital Management Inc. raised its holdings in shares of Citrix Systems by 33.6% in the 4th quarter. Victory Capital Management Inc. now owns 226,646 shares of the cloud computing company’s stock valued at $27,474,000 after buying an additional 57,041 shares during the period. US Bancorp DE grew its stake in Citrix Systems by 0.9% during the 4th quarter. US Bancorp DE now owns 21,768 shares of the cloud computing company’s stock worth $2,413,000 after purchasing an additional 204 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in Citrix Systems by 3.5% during the 4th quarter. Advisory Services Network LLC now owns 2,819 shares of the cloud computing company’s stock worth $313,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 96.70% of the company’s stock.
CTXS has been the subject of several analyst reports. ValuEngine cut Citrix Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. BidaskClub cut Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus boosted their target price on Citrix Systems from $100.00 to $115.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Deutsche Bank boosted their target price on Citrix Systems from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley boosted their target price on Citrix Systems from $110.00 to $113.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Citrix Systems currently has a consensus rating of “Hold” and an average target price of $121.44.
CTXS opened at $122.03 on Friday. Citrix Systems, Inc. has a 12 month low of $90.28 and a 12 month high of $130.55. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 4.28 and a beta of 1.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.74 and a quick ratio of 0.73. The business has a fifty day moving average price of $118.28 and a 200 day moving average price of $105.89.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, January 22nd. The cloud computing company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.54. The business had revenue of $810.00 million during the quarter, compared to analysts’ expectations of $802.53 million. Citrix Systems had a return on equity of 93.09% and a net margin of 22.65%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. On average, research analysts anticipate that Citrix Systems, Inc. will post 3.67 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.15%. Citrix Systems’s dividend payout ratio is currently 33.90%.
Citrix Systems Company 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.
Further Reading: How do candlesticks reflect price movement?
Want to see what other hedge funds are holding CTXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citrix Systems, Inc. (NASDAQ:CTXS).
Receive News & Ratings for Citrix Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems and related companies with MarketBeat.com's FREE daily email newsletter.