Seizert Capital Partners LLC reduced its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 23.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,745 shares of the cloud computing company’s stock after selling 40,279 shares during the period. Seizert Capital Partners LLC owned 0.10% of Citrix Systems worth $13,028,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Glassman Wealth Services grew its holdings in Citrix Systems by 46.5% during the 1st quarter. Glassman Wealth Services now owns 334 shares of the cloud computing company’s stock worth $33,000 after acquiring an additional 106 shares during the period. Arcadia Investment Management Corp MI grew its holdings in Citrix Systems by 0.8% during the 1st quarter. Arcadia Investment Management Corp MI now owns 14,200 shares of the cloud computing company’s stock worth $1,415,000 after acquiring an additional 110 shares during the period. MV Capital Management Inc. grew its holdings in Citrix Systems by 34.8% during the 1st quarter. MV Capital Management Inc. now owns 476 shares of the cloud computing company’s stock worth $47,000 after acquiring an additional 123 shares during the period. Guinness Asset Management Ltd grew its holdings in Citrix Systems by 83.8% during the 2nd quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock worth $28,000 after acquiring an additional 134 shares during the period. Finally, OmniStar Financial Group Inc. grew its holdings in Citrix Systems by 3.1% during the 2nd quarter. OmniStar Financial Group Inc. now owns 5,416 shares of the cloud computing company’s stock worth $532,000 after acquiring an additional 163 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.
Several analysts have recently commented on CTXS shares. Morgan Stanley reduced their target price on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a research note on Thursday, July 25th. Wedbush restated a “hold” rating and issued a $95.00 target price on shares of Citrix Systems in a research note on Thursday, July 25th. Deutsche Bank upgraded Citrix Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $110.00 to $120.00 in a research note on Thursday, June 6th. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, BidaskClub downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $110.25.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.27. The business had revenue of $748.70 million during the quarter, compared to the consensus estimate of $772.00 million. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. Equities analysts predict that Citrix Systems, Inc. will post 3.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.53%. Citrix Systems’s dividend payout ratio (DPR) is currently 30.57%.
In other Citrix Systems news, EVP Rotterdam Jeroen Van sold 4,288 shares of Citrix Systems stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $92.06, for a total transaction of $394,753.28. Following the completion of the transaction, the executive vice president now owns 63,806 shares in the company, valued at approximately $5,873,980.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter John Sacripanti sold 5,726 shares of Citrix Systems stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $91.40, for a total value of $523,356.40. Following the transaction, the director now owns 14,249 shares of the company’s stock, valued at approximately $1,302,358.60. The disclosure for this sale can be found here. Insiders have sold a total of 28,311 shares of company stock valued at $2,674,467 in the last quarter. Company insiders own 0.54% of the company’s stock.
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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