QS Investors LLC reduced its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 21.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,276 shares of the cloud computing company’s stock after selling 10,514 shares during the quarter. QS Investors LLC’s holdings in Citrix Systems were worth $4,489,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Profund Advisors LLC increased its stake in shares of Citrix Systems by 10.2% in the second quarter. Profund Advisors LLC now owns 25,016 shares of the cloud computing company’s stock worth $2,935,000 after acquiring an additional 2,323 shares during the last quarter. Bridgewater Associates LP acquired a new position in shares of Citrix Systems in the second quarter worth $5,814,000. QV Investors Inc. increased its stake in shares of Citrix Systems by 93.8% in the second quarter. QV Investors Inc. now owns 94,362 shares of the cloud computing company’s stock worth $11,066,000 after acquiring an additional 45,662 shares during the last quarter. Ceredex Value Advisors LLC increased its stake in shares of Citrix Systems by 32.5% in the second quarter. Ceredex Value Advisors LLC now owns 1,004,850 shares of the cloud computing company’s stock worth $117,839,000 after acquiring an additional 246,300 shares during the last quarter. Finally, Korea Investment CORP increased its stake in shares of Citrix Systems by 64.1% in the first quarter. Korea Investment CORP now owns 75,800 shares of the cloud computing company’s stock worth $10,639,000 after acquiring an additional 29,600 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.
In related news, CEO David J. Henshall sold 5,450 shares of the stock in a transaction dated Friday, October 1st. The shares were sold at an average price of $107.96, for a total value of $588,382.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sridhar Mullapudi sold 690 shares of the stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $102.69, for a total transaction of $70,856.10. Following the completion of the sale, the executive vice president now owns 20,711 shares of the company’s stock, valued at approximately $2,126,812.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,494 shares of company stock valued at $2,219,779. 0.61% of the stock is owned by corporate insiders.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Thursday, July 29th. The cloud computing company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.68. Citrix Systems had a net margin of 11.47% and a return on equity of 237.11%. The company had revenue of $812.11 million during the quarter, compared to analysts’ expectations of $845.15 million. Equities analysts expect that Citrix Systems, Inc. will post 2.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 24th. Investors of record on Friday, September 10th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, September 9th. Citrix Systems’s payout ratio is presently 35.49%.
CTXS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Citrix Systems from a “sell” rating to a “hold” rating and set a $114.00 price objective for the company in a report on Tuesday, September 28th. Morgan Stanley decreased their price objective on shares of Citrix Systems from $143.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, July 30th. Citigroup cut shares of Citrix Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $140.00 to $115.00 in a report on Thursday, October 7th. Royal Bank of Canada decreased their price objective on shares of Citrix Systems from $150.00 to $110.00 and set a “sector perform” rating for the company in a report on Friday, July 30th. Finally, Barclays cut shares of Citrix Systems from an “overweight” rating to an “underweight” rating and set a $85.00 price objective for the company. in a report on Friday, July 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Citrix Systems has a consensus rating of “Hold” and an average target price of $123.00.
About Citrix Systems
Citrix Systems, Inc engages in the design, development, and marketing of information technology solutions. It provides digital workspace that unifies apps, data, and services. The firm markets and licenses its products directly to customers through web, systems integrators, value-added resellers, and service providers.
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