West Branch Capital LLC lessened its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 4.6% in the 4th quarter, HoldingsChannel reports. The firm owned 5,037 shares of the cloud computing company’s stock after selling 244 shares during the period. West Branch Capital LLC’s holdings in Citrix Systems were worth $516,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Royal London Asset Management Ltd. boosted its holdings in shares of Citrix Systems by 3.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 55,862 shares of the cloud computing company’s stock valued at $5,687,000 after buying an additional 1,892 shares during the period. Bridgewater Associates LP acquired a new position in shares of Citrix Systems in the third quarter valued at approximately $5,075,000. Kentucky Retirement Systems acquired a new position in shares of Citrix Systems in the third quarter valued at approximately $973,000. Schroder Investment Management Group boosted its holdings in shares of Citrix Systems by 221.2% in the third quarter. Schroder Investment Management Group now owns 283,728 shares of the cloud computing company’s stock valued at $31,539,000 after buying an additional 195,390 shares during the period. Finally, CHURCHILL MANAGEMENT Corp boosted its holdings in shares of Citrix Systems by 87.6% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 56,342 shares of the cloud computing company’s stock valued at $5,773,000 after buying an additional 26,314 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Timothy A. Minahan sold 1,836 shares of the stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $100.55, for a total transaction of $184,609.80. Following the completion of the transaction, the executive vice president now owns 46,074 shares in the company, valued at $4,632,740.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark J. Ferrer sold 1,388 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $100.14, for a total transaction of $138,994.32. Following the transaction, the executive vice president now owns 60,809 shares of the company’s stock, valued at approximately $6,089,413.26. The disclosure for this sale can be found here. Insiders have sold 34,973 shares of company stock valued at $3,693,541 in the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on CTXS shares. BidaskClub cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Tuesday, December 4th. Robert W. Baird reduced their price target on shares of Citrix Systems from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Citigroup upped their price target on shares of Citrix Systems from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Monday, November 19th. Finally, Bank of America reduced their price target on shares of Citrix Systems from $123.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Citrix Systems has a consensus rating of “Hold” and an average price target of $113.77.

Shares of CTXS opened at $106.49 on Friday. Citrix Systems, Inc. has a 12 month low of $89.75 and a 12 month high of $116.82. The firm has a market cap of $14.35 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 2.79 and a beta of 1.06. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 1.35.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.08. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The business had revenue of $802.00 million during the quarter, compared to analysts’ expectations of $791.27 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that Citrix Systems, Inc. will post 4.58 EPS for the current year.

Citrix Systems declared that its Board of Directors has approved a stock buyback program on Wednesday, October 24th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the cloud computing company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 7th. Citrix Systems’s payout ratio is 30.57%.

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Citrix Systems Profile

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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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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