Caxton Associates LP Has $390,000 Stake in Citrix Systems, Inc. (CTXS)
Caxton Associates LP lowered its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 74.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,811 shares of the cloud computing company’s stock after selling 11,027 shares during the quarter. Caxton Associates LP’s holdings in Citrix Systems were worth $390,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Pearl River Capital LLC bought a new position in shares of Citrix Systems in the 4th quarter valued at about $26,000. Smart Portfolios LLC bought a new position in shares of Citrix Systems in the 4th quarter valued at about $29,000. CWM LLC raised its position in shares of Citrix Systems by 43.4% in the 4th quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock valued at $33,000 after acquiring an additional 98 shares during the period. Essex Savings Bank acquired a new stake in shares of Citrix Systems in the 4th quarter valued at approximately $43,000. Finally, Lindbrook Capital LLC acquired a new stake in shares of Citrix Systems in the 4th quarter valued at approximately $69,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CTXS stock opened at $100.88 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.71 and a current ratio of 0.72. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.66 and a beta of 1.02. Citrix Systems, Inc. has a 52 week low of $90.32 and a 52 week high of $116.82.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.40 annualized dividend and a yield of 1.39%. Citrix Systems’s dividend payout ratio (DPR) is currently 30.57%.
A number of brokerages recently weighed in on CTXS. BidaskClub upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 16th. TheStreet upgraded shares of Citrix Systems from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Tuesday, December 18th. Finally, Wedbush cut their price target on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $113.77.
In other Citrix Systems news, EVP Timothy A. Minahan sold 1,836 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 46,074 shares in the company, valued at approximately $4,632,740.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark J. Ferrer sold 1,388 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 60,809 shares in the company, valued at $6,089,413.26. The disclosure for this sale can be found here. Insiders have sold a total of 26,071 shares of company stock worth $2,711,264 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.
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Citrix Systems Company 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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