Meiji Yasuda Asset Management Co Ltd. raised its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 19.6% in the first quarter, HoldingsChannel.com reports. The fund owned 7,003 shares of the cloud computing company’s stock after buying an additional 1,147 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Citrix Systems were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc raised its holdings in Citrix Systems by 3.5% in the third quarter. Vanguard Group Inc now owns 14,060,558 shares of the cloud computing company’s stock worth $1,562,972,000 after purchasing an additional 472,583 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Citrix Systems by 8,930.8% in 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. First Trust Advisors LP grew its holdings in 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 worth $306,343,000 after acquiring an additional 632,553 shares during the last quarter. Northern Trust Corp grew its holdings in Citrix Systems by 11.9% during the 4th quarter. Northern Trust Corp now owns 2,369,828 shares of the cloud computing company’s stock worth $242,812,000 after acquiring an additional 251,645 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its position in shares of Citrix Systems by 1.4% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,021,171 shares of the cloud computing company’s stock worth $201,429,000 after purchasing an additional 28,163 shares during the period. 97.69% of the stock is currently owned by institutional investors.
CTXS opened at $96.26 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.72 and a beta of 1.00. Citrix Systems, Inc. has a 52 week low of $93.12 and a 52 week high of $116.82.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.45%. Citrix Systems’s payout ratio is currently 30.57%.
Several analysts have recently issued reports on CTXS shares. BidaskClub upgraded shares of Citrix Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank raised shares of Citrix Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $110.00 to $120.00 in a report on Thursday, June 6th. Zacks Investment Research cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Wedbush restated a “hold” rating and issued a $100.00 target price on shares of Citrix Systems in a report on Thursday, April 25th. Finally, ValuEngine lowered Citrix Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Citrix Systems has an average rating of “Hold” and an average target price of $114.82.
In related news, EVP Paul J. Hough sold 2,461 shares of Citrix Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $100.00, for a total value of $246,100.00. Following the completion of the sale, the executive vice president now owns 64,173 shares of the company’s stock, valued at approximately $6,417,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David J. Henshall sold 4,367 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $93.99, for a total transaction of $410,454.33. Following the transaction, the chief executive officer now directly owns 373,960 shares of the company’s stock, valued at approximately $35,148,500.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,842 shares of company stock worth $1,957,137. Corporate insiders own 0.54% of the company’s stock.
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Citrix Systems Profile
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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