Asset Management One Co. Ltd. grew its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,618 shares of the cloud computing company’s stock after purchasing an additional 5,936 shares during the quarter. Asset Management One Co. Ltd. owned about 0.23% of Citrix Systems worth $26,318,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust grew its holdings in Citrix Systems by 50.0% in the third quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock worth $177,000 after purchasing an additional 768 shares during the last quarter. Greenwood Capital Associates LLC grew its holdings in shares of Citrix Systems by 12.0% during the second quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock valued at $214,000 after buying an additional 289 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Citrix Systems during the third quarter valued at $215,000. Colony Group LLC purchased a new stake in shares of Citrix Systems during the second quarter valued at $228,000. Finally, New Amsterdam Partners LLC NY purchased a new stake in shares of Citrix Systems during the second quarter valued at $231,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.
CTXS has been the topic of a number of research analyst reports. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a report on Wednesday, August 16th. Royal Bank Of Canada reissued a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a report on Monday, September 4th. Wells Fargo & Company raised shares of Citrix Systems from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $82.50 to $95.00 in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Robert W. Baird set a $90.00 price objective on shares of Citrix Systems and gave the company a “buy” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.50.
Citrix Systems, Inc. (CTXS) opened at $87.59 on Monday. The stock has a market cap of $13,200.00, a price-to-earnings ratio of 21.31, a P/E/G ratio of 4.18 and a beta of 1.41. Citrix Systems, Inc. has a 1 year low of $70.24 and a 1 year high of $88.96. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.69.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 earnings per share. equities analysts anticipate that Citrix Systems, Inc. will post 3.93 EPS for the current fiscal year.
Citrix Systems declared that its board has initiated a share repurchase plan on Monday, November 13th that allows the company to buyback $1.70 billion in shares. This buyback authorization allows the cloud computing company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Citrix Systems Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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