Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp cut its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 60.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,000 shares of the cloud computing company’s stock after selling 450,000 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.20% of Citrix Systems worth $26,400,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CTXS. Wolverine Asset Management LLC increased its holdings in shares of Citrix Systems by 173.8% during the fourth quarter. Wolverine Asset Management LLC now owns 550,217 shares of the cloud computing company’s stock valued at $48,419,000 after acquiring an additional 349,230 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Citrix Systems by 69.7% in the 4th quarter. Glenmede Trust Co. NA now owns 687,354 shares of the cloud computing company’s stock worth $60,485,000 after buying an additional 282,312 shares in the last quarter. Assetmark Inc. increased its holdings in Citrix Systems by 6,230.1% in the 3rd quarter. Assetmark Inc. now owns 211,299 shares of the cloud computing company’s stock worth $16,232,000 after buying an additional 207,961 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in Citrix Systems in the 4th quarter worth about $17,045,000. Finally, Millennium Management LLC increased its holdings in Citrix Systems by 39.6% in the 4th quarter. Millennium Management LLC now owns 501,903 shares of the cloud computing company’s stock worth $44,167,000 after buying an additional 142,380 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.
In other news, CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $92.62, for a total transaction of $1,157,750.00. Following the transaction, the chief executive officer now directly owns 281,777 shares of the company’s stock, valued at approximately $26,098,185.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark M. Coyle sold 2,500 shares of Citrix Systems stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total value of $222,250.00. Following the transaction, the chief financial officer now directly owns 36,012 shares in the company, valued at $3,201,466.80. The disclosure for this sale can be found here. Insiders sold 77,237 shares of company stock worth $7,341,060 over the last three months. Insiders own 0.44% of the company’s stock.
CTXS stock opened at $94.55 on Wednesday. The stock has a market capitalization of $12,870.33, a PE ratio of -393.96, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55. Citrix Systems, Inc. has a 12-month low of $73.33 and a 12-month high of $96.96.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.06. The business had revenue of $777.90 million for the quarter, compared to analysts’ expectations of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. equities analysts anticipate that Citrix Systems, Inc. will post 3.91 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Bank of America lifted their price objective on Citrix Systems from $91.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. BidaskClub upgraded Citrix Systems from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Mizuho reiterated a “buy” rating and issued a $101.00 price objective (up from $92.00) on shares of Citrix Systems in a report on Wednesday, January 17th. Finally, Barclays downgraded Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. Citrix Systems presently has an average rating of “Hold” and a consensus price target of $91.31.
Citrix Systems Company Profile
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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