Oak Associates Ltd. OH lifted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 0.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 111,895 shares of the cloud computing company’s stock after acquiring an additional 505 shares during the period. Oak Associates Ltd. OH’s holdings in Citrix Systems were worth $11,151,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CTXS. Oregon Public Employees Retirement Fund raised its holdings in shares of Citrix Systems by 8,930.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,459,674 shares of the cloud computing company’s stock valued at $44,000 after buying an additional 4,410,291 shares during the period. Norges Bank purchased a new stake in shares of Citrix Systems during the 4th quarter valued at about $147,447,000. First Trust Advisors LP raised its holdings in shares of Citrix Systems by 25.9% during the 1st quarter. First Trust Advisors LP now owns 3,073,877 shares of the cloud computing company’s stock valued at $306,343,000 after buying an additional 632,553 shares during the period. APG Asset Management N.V. raised its holdings in shares of Citrix Systems by 276.0% during the 4th quarter. APG Asset Management N.V. now owns 795,742 shares of the cloud computing company’s stock valued at $71,322,000 after buying an additional 584,100 shares during the period. Finally, Vanguard Group Inc raised its holdings in shares of Citrix Systems by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 14,060,558 shares of the cloud computing company’s stock valued at $1,562,972,000 after buying an additional 472,583 shares during the period. Institutional investors and hedge funds own 97.68% of the company’s stock.
CTXS stock opened at $94.65 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34. Citrix Systems, Inc. has a 52-week low of $93.99 and a 52-week high of $116.82. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.70 and a beta of 1.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.40 annualized dividend and a yield of 1.48%. Citrix Systems’s dividend payout ratio is presently 30.57%.
In other Citrix Systems news, CEO David J. Henshall sold 4,298 shares of Citrix Systems stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $100.00, for a total transaction of $429,800.00. Following the sale, the chief executive officer now directly owns 355,156 shares in the company, valued at approximately $35,515,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark J. Ferrer sold 1,388 shares of Citrix Systems stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $105.04, for a total value of $145,795.52. Following the sale, the executive vice president now owns 58,033 shares in the company, valued at $6,095,786.32. The disclosure for this sale can be found here. Insiders have sold a total of 16,221 shares of company stock worth $1,638,344 over the last 90 days. 0.54% of the stock is owned by company insiders.
Several equities research analysts recently commented on CTXS shares. BidaskClub downgraded Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 9th. Wedbush reiterated a “hold” rating and set a $100.00 target price on shares of Citrix Systems in a report on Thursday, April 25th. ValuEngine downgraded Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $114.30.
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About Citrix Systems
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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