Citrix Systems, Inc. (CTXS) Stake Lessened by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 12.4% in the 4th quarter, HoldingsChannel reports. The fund owned 38,376 shares of the cloud computing company’s stock after selling 5,451 shares during the period. Crossmark Global Holdings Inc.’s holdings in Citrix Systems were worth $3,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CTXS. Dimensional Fund Advisors LP grew its holdings in shares of Citrix Systems by 14.4% in the second quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock valued at $43,360,000 after acquiring an additional 68,506 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Citrix Systems by 653.7% during the second quarter. Janus Henderson Group PLC now owns 165,749 shares of the cloud computing company’s stock valued at $13,190,000 after purchasing an additional 143,758 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Citrix Systems by 121.5% during the second quarter. Cubist Systematic Strategies LLC now owns 8,974 shares of the cloud computing company’s stock valued at $714,000 after purchasing an additional 4,922 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Citrix Systems by 6.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,305 shares of the cloud computing company’s stock valued at $422,000 after purchasing an additional 322 shares during the period. Finally, Koch Industries Inc. grew its holdings in Citrix Systems by 12,490.5% during the second quarter. Koch Industries Inc. now owns 724,333 shares of the cloud computing company’s stock valued at $715,000 after purchasing an additional 718,580 shares during the period. 91.70% of the stock is owned by institutional investors.

Shares of Citrix Systems, Inc. (NASDAQ CTXS) opened at $85.75 on Friday. The stock has a market capitalization of $12,736.59, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.68 and a beta of 1.34. Citrix Systems, Inc. has a 12-month low of $73.33 and a 12-month high of $95.00. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.14.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.06. The firm had revenue of $777.90 million for the quarter, compared to the consensus estimate of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.61 earnings per share. sell-side analysts forecast that Citrix Systems, Inc. will post 3.88 EPS for the current year.

Citrix Systems announced that its Board of Directors has initiated a share buyback program on Monday, November 13th that allows the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization allows the cloud computing company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

In related news, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total value of $222,250.00. Following the sale, the chief financial officer now owns 36,012 shares in the company, valued at $3,201,466.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David J. Henshall sold 12,500 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $92.62, for a total value of $1,157,750.00. Following the completion of the sale, the chief executive officer now owns 281,777 shares in the company, valued at approximately $26,098,185.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,030 shares of company stock worth $8,341,942. Company insiders own 0.44% of the company’s stock.

CTXS has been the subject of several research reports. Mizuho reissued a “buy” rating and set a $94.00 price objective (up from $92.00) on shares of Citrix Systems in a report on Wednesday, October 25th. Stifel Nicolaus reduced their price objective on Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 26th. Citigroup reduced their price objective on Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, October 27th. Zacks Investment Research raised Citrix Systems from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Goldman Sachs Group raised Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $91.31.

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About Citrix Systems

Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

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

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