Citrix Systems, Inc. (CTXS) Shares Bought by Achmea Investment Management B.V.
Achmea Investment Management B.V. boosted its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 114.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,040 shares of the cloud computing company’s stock after acquiring an additional 20,311 shares during the quarter. Achmea Investment Management B.V.’s holdings in Citrix Systems were worth $4,223,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its position in Citrix Systems by 61.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 985,368 shares of the cloud computing company’s stock worth $109,199,000 after purchasing an additional 373,415 shares in the last quarter. Unigestion Holding SA boosted its position in Citrix Systems by 18.1% during the third quarter. Unigestion Holding SA now owns 15,826 shares of the cloud computing company’s stock worth $1,759,000 after purchasing an additional 2,426 shares in the last quarter. Dupont Capital Management Corp boosted its position in Citrix Systems by 98.2% during the third quarter. Dupont Capital Management Corp now owns 55,696 shares of the cloud computing company’s stock worth $6,191,000 after purchasing an additional 27,598 shares in the last quarter. Global Financial Private Capital LLC purchased a new stake in Citrix Systems during the third quarter worth $910,000. Finally, Penserra Capital Management LLC purchased a new stake in Citrix Systems during the third quarter worth $1,563,000. 95.37% of the stock is currently owned by institutional investors.
A number of research firms have commented on CTXS. BidaskClub downgraded Citrix Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Wells Fargo & Co boosted their target price on Citrix Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 24th. Robert W. Baird decreased their target price on Citrix Systems from $120.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Citigroup boosted their target price on Citrix Systems from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 25th. Finally, Stifel Nicolaus boosted their target price on Citrix Systems from $105.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $113.93.
NASDAQ CTXS opened at $107.01 on Friday. Citrix Systems, Inc. has a fifty-two week low of $83.11 and a fifty-two week high of $116.82. The firm has a market capitalization of $14.29 billion, a PE ratio of 25.85, a P/E/G ratio of 2.65 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.98.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.15. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. The company had revenue of $732.47 million during the quarter, compared to analysts’ expectations of $722.76 million. During the same period in the previous year, the firm posted $1.22 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that Citrix Systems, Inc. will post 4.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.31%.
Citrix Systems declared that its board has approved a stock buyback plan on Wednesday, October 24th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the cloud computing company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
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About Citrix Systems
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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