Ladenburg Thalmann Financial Services Inc. decreased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 48.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,622 shares of the cloud computing company’s stock after selling 7,176 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Citrix Systems were worth $747,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTXS. Covington Capital Management grew its position in shares of Citrix Systems by 175.0% in the second quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Guinness Asset Management Ltd grew its position in shares of Citrix Systems by 83.8% in the second quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock valued at $28,000 after purchasing an additional 134 shares during the period. Coastal Investment Advisors Inc. grew its position in shares of Citrix Systems by 107.6% in the second quarter. Coastal Investment Advisors Inc. now owns 384 shares of the cloud computing company’s stock valued at $38,000 after purchasing an additional 199 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Citrix Systems in the second quarter valued at about $38,000. Finally, CSat Investment Advisory L.P. grew its position in shares of Citrix Systems by 87.9% in the second quarter. CSat Investment Advisory L.P. now owns 434 shares of the cloud computing company’s stock valued at $43,000 after purchasing an additional 203 shares during the period. 97.73% of the stock is owned by institutional investors.
CTXS opened at $98.22 on Friday. The firm has a market capitalization of $12.64 billion, a PE ratio of 23.50, a PEG ratio of 3.50 and a beta of 1.02. Citrix Systems, Inc. has a twelve month low of $90.28 and a twelve month high of $112.27. The firm’s 50-day moving average price is $95.01 and its 200 day moving average price is $96.93. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.86.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.43%. Citrix Systems’s payout ratio is presently 30.57%.
In related news, EVP Rotterdam Jeroen Van sold 4,288 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $92.06, for a total transaction of $394,753.28. Following the transaction, the executive vice president now directly owns 63,806 shares in the company, valued at $5,873,980.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David J. Henshall sold 6,353 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $96.95, for a total transaction of $615,923.35. Following the transaction, the chief executive officer now owns 345,511 shares in the company, valued at $33,497,291.45. The disclosure for this sale can be found here. Insiders have sold 34,473 shares of company stock worth $3,238,732 over the last 90 days. 0.54% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on CTXS shares. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Wedbush reiterated a “hold” rating and issued a $95.00 target price on shares of Citrix Systems in a research report on Thursday, July 25th. BidaskClub upgraded shares of Citrix Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. Jefferies Financial Group lowered their price target on shares of Citrix Systems from $85.00 to $80.00 and set an “underperform” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley lowered their price target on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $106.00.
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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