Arcadia Investment Management Corp MI raised its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,200 shares of the cloud computing company’s stock after purchasing an additional 110 shares during the period. Arcadia Investment Management Corp MI’s holdings in Citrix Systems were worth $1,415,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. National Pension Service raised its position in Citrix Systems by 6.8% during the fourth quarter. National Pension Service now owns 172,218 shares of the cloud computing company’s stock valued at $18,290,000 after purchasing an additional 10,907 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Citrix Systems by 3.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,783 shares of the cloud computing company’s stock worth $592,000 after buying an additional 174 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Citrix Systems by 86.8% during the fourth quarter. MML Investors Services LLC now owns 5,259 shares of the cloud computing company’s stock worth $539,000 after buying an additional 2,444 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Citrix Systems by 3.5% during the fourth quarter. Royal London Asset Management Ltd. now owns 55,862 shares of the cloud computing company’s stock worth $5,687,000 after buying an additional 1,892 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC bought a new stake in shares of Citrix Systems during the first quarter worth $335,000. Institutional investors and hedge funds own 99.77% of the company’s stock.
A number of analysts have weighed in on the stock. BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Wedbush decreased their target price on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research reissued a “hold” rating and issued a $113.00 price objective on shares of Citrix Systems in a research note on Monday, December 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $114.30.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, April 24th. The cloud computing company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.41. Citrix Systems had a net margin of 18.08% and a return on equity of 94.77%. The company had revenue of $719.14 million for the quarter, compared to analysts’ expectations of $707.78 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Citrix Systems’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Citrix Systems, Inc. will post 4.45 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.35 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.39%. Citrix Systems’s dividend payout ratio is 30.57%.
In related news, CFO Matto Andrew H. Del sold 582 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $106.78, for a total value of $62,145.96. Following the transaction, the chief financial officer now owns 60,294 shares in the company, valued at $6,438,193.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark J. Ferrer sold 1,388 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $99.93, for a total transaction of $138,702.84. Following the completion of the transaction, the executive vice president now owns 56,830 shares in the company, valued at approximately $5,679,021.90. The disclosure for this sale can be found here. In the last three months, insiders sold 10,699 shares of company stock worth $1,080,744. 0.56% of the stock is currently owned by insiders.
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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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