Barings LLC grew its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,122 shares of the cloud computing company’s stock after acquiring an additional 5,400 shares during the period. Barings LLC’s holdings in Citrix Systems were worth $1,683,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CTXS. NuWave Investment Management LLC bought a new stake in Citrix Systems in the fourth quarter worth $107,000. Grove Bank & Trust boosted its holdings in Citrix Systems by 50.0% in the third quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock worth $177,000 after purchasing an additional 768 shares in the last quarter. Rational Advisors LLC bought a new stake in Citrix Systems in the fourth quarter worth $194,000. WESPAC Advisors LLC bought a new stake in Citrix Systems in the fourth quarter worth $208,000. Finally, IBM Retirement Fund bought a new stake in Citrix Systems in the fourth quarter worth $209,000. Institutional investors and hedge funds own 90.79% of the company’s stock.
A number of equities research analysts recently issued reports on CTXS shares. Stifel Nicolaus decreased their price objective on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 26th. BidaskClub lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Barclays lowered shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 target price for the company. in a research report on Monday, January 8th. Robert W. Baird reissued a “buy” rating on shares of Citrix Systems in a research report on Thursday, January 18th. Finally, KeyCorp reissued a “hold” rating on shares of Citrix Systems in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $91.31.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.06. The business had revenue of $777.90 million during the quarter, compared to analyst estimates of $778.49 million. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. sell-side analysts forecast that Citrix Systems, Inc. will post 3.88 EPS for the current fiscal year.
Citrix Systems declared that its Board of Directors has approved a share buyback plan on Monday, November 13th that authorizes the company to buyback $1.70 billion in shares. This buyback authorization authorizes the cloud computing company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.
In other news, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $88.31, for a total transaction of $1,103,875.00. Following the completion of the transaction, the chief executive officer now owns 294,277 shares of the company’s stock, valued at $25,987,601.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark M. Coyle sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total transaction of $222,250.00. Following the transaction, the chief financial officer now directly owns 36,012 shares of the company’s stock, valued at approximately $3,201,466.80. The disclosure for this sale can be found here. Insiders have sold 27,500 shares of company stock valued at $2,483,875 in the last ninety days. 0.44% of the stock is owned by company insiders.
Citrix Systems Company Profile
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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