Citrix Systems, Inc. (CTXS) Shares Sold by Brown Advisory Inc.
Brown Advisory Inc. cut its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 86.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,197 shares of the cloud computing company’s stock after selling 144,231 shares during the quarter. Brown Advisory Inc.’s holdings in Citrix Systems were worth $1,705,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CTXS. BT Investment Management Ltd boosted its stake in Citrix Systems by 11.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after purchasing an additional 138,032 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Citrix Systems by 22.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock worth $87,588,000 after purchasing an additional 200,291 shares during the period. Artemis Investment Management LLP bought a new position in Citrix Systems in the 2nd quarter worth about $9,003,000. Profit Investment Management LLC raised its holdings in shares of Citrix Systems by 43.4% in the 3rd quarter. Profit Investment Management LLC now owns 16,092 shares of the cloud computing company’s stock valued at $1,236,000 after acquiring an additional 4,867 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Citrix Systems by 14.4% in the 2nd 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. 94.42% of the stock is owned by hedge funds and other institutional investors.
CTXS has been the topic of several recent analyst reports. Citigroup lowered their price target on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Citrix Systems in a report on Friday, November 10th. Goldman Sachs Group raised Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Friday, November 3rd. Zacks Investment Research cut Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $90.00 price target on shares of Citrix Systems in a report on Sunday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $89.50.
Citrix Systems, Inc. (CTXS) opened at $87.17 on Friday. The firm has a market capitalization of $13,170.00, a PE ratio of 21.22, a P/E/G ratio of 4.17 and a beta of 1.41. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.69. Citrix Systems, Inc. has a 1-year low of $70.24 and a 1-year high of $88.96.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.18. The company had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $691.61 million. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. Citrix Systems’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.32 EPS. research analysts anticipate that Citrix Systems, Inc. will post 3.93 earnings per share for the current year.
Citrix Systems announced that its Board of Directors has authorized 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
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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