Citrix Systems, Inc. (NASDAQ:CTXS) CEO David J. Henshall sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $140.07, for a total value of $280,140.00. Following the completion of the sale, the chief executive officer now owns 382,986 shares of the company’s stock, valued at approximately $53,644,849.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CTXS stock opened at $142.68 on Thursday. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 3.83 and a beta of 0.27. The business’s fifty day moving average is $135.66 and its 200 day moving average is $131.03. Citrix Systems, Inc. has a twelve month low of $111.26 and a twelve month high of $173.56. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 25.18.
Citrix Systems (NASDAQ:CTXS) last released its earnings results on Monday, January 18th. The cloud computing company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. Citrix Systems had a return on equity of 391.74% and a net margin of 18.52%. The firm had revenue of $810.00 million for the quarter, compared to analysts’ expectations of $781.55 million. During the same period in the prior year, the firm posted $1.71 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts expect that Citrix Systems, Inc. will post 3.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were paid a $0.37 dividend. This is a boost from Citrix Systems’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Thursday, March 11th. Citrix Systems’s dividend payout ratio is currently 35.84%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTXS. Price T Rowe Associates Inc. MD grew its stake in shares of Citrix Systems by 196.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,198,394 shares of the cloud computing company’s stock worth $1,326,811,000 after acquiring an additional 6,753,646 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Citrix Systems by 233.8% in the fourth quarter. Nordea Investment Management AB now owns 2,367,182 shares of the cloud computing company’s stock worth $307,970,000 after acquiring an additional 1,657,918 shares during the last quarter. Norges Bank purchased a new stake in shares of Citrix Systems in the fourth quarter worth $144,085,000. Alliancebernstein L.P. grew its stake in shares of Citrix Systems by 33.4% in the fourth quarter. Alliancebernstein L.P. now owns 2,487,808 shares of the cloud computing company’s stock worth $323,664,000 after acquiring an additional 622,623 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Citrix Systems by 135.0% during the third quarter. AQR Capital Management LLC now owns 941,166 shares of the cloud computing company’s stock valued at $129,542,000 after buying an additional 540,624 shares during the last quarter. 87.97% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Royal Bank of Canada upped their target price on Citrix Systems from $145.00 to $150.00 in a report on Wednesday, January 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Citrix Systems has an average rating of “Buy” and an average price target of $159.54.
About Citrix Systems
Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Citrix Content Collaboration, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance that uses machine learning to quantify user experience; Citrix Secure Workspace Access, which provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.
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