Citrix Systems, Inc. (CTXS) Stake Lessened by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lowered its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 15.4% during the 4th quarter, HoldingsChannel reports. The fund owned 24,749 shares of the cloud computing company’s stock after selling 4,519 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Citrix Systems were worth $2,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Veritable L.P. increased its holdings in Citrix Systems by 0.3% in the 2nd quarter. Veritable L.P. now owns 4,477 shares of the cloud computing company’s stock worth $356,000 after buying an additional 15 shares during the period. D.A. Davidson & CO. increased its holdings in Citrix Systems by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 23,240 shares of the cloud computing company’s stock worth $1,849,000 after buying an additional 265 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Citrix Systems by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,305 shares of the cloud computing company’s stock worth $422,000 after buying an additional 322 shares during the period. Norinchukin Bank The increased its holdings in Citrix Systems by 3.2% in the 2nd quarter. Norinchukin Bank The now owns 10,488 shares of the cloud computing company’s stock worth $835,000 after buying an additional 328 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Citrix Systems by 3.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,521 shares of the cloud computing company’s stock worth $918,000 after buying an additional 389 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

In other news, CEO David J. Henshall sold 12,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $84.25, for a total transaction of $1,053,125.00. Following the transaction, the chief executive officer now owns 306,777 shares in the company, valued at approximately $25,845,962.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Rotterdam Jeroen Van sold 8,530 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $84.58, for a total value of $721,467.40. Following the transaction, the senior vice president now owns 67,122 shares in the company, valued at approximately $5,677,178.76. The disclosure for this sale can be found here. Insiders have sold a total of 98,530 shares of company stock worth $8,448,117 in the last quarter. Insiders own 0.44% of the company’s stock.

Several equities analysts recently weighed in on CTXS shares. Goldman Sachs Group upgraded shares of 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 downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the stock a “buy” rating in a report on Friday, October 6th. Citigroup cut their price target on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Finally, Stifel Nicolaus cut their price target on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and a consensus price target of $89.50.

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) opened at $90.82 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43. Citrix Systems, Inc. has a 52-week low of $70.24 and a 52-week high of $91.83. The company has a market capitalization of $13,680.00, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 4.52 and a beta of 1.41.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.18. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $691.61 million. During the same quarter in the prior year, the firm posted $1.32 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts forecast that Citrix Systems, Inc. will post 3.93 earnings per share for the current year.

Citrix Systems declared that its Board of Directors has initiated a share repurchase plan on Monday, November 13th that allows the company to buyback $1.70 billion in outstanding shares. This buyback authorization allows the cloud computing company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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

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