Legg Mason Asset Management Japan Co. Ltd. Reduces Position in Citrix Systems, Inc. (CTXS)

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Legg Mason Asset Management Japan Co. Ltd. lowered its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,500 shares of the cloud computing company’s stock after selling 400 shares during the quarter. Citrix Systems accounts for 1.1% of Legg Mason Asset Management Japan Co. Ltd.’s portfolio, making the stock its 26th largest position. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Citrix Systems were worth $871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of CTXS. Oregon Public Employees Retirement Fund boosted its holdings in Citrix Systems by 8,930.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,459,674 shares of the cloud computing company’s stock worth $44,000 after purchasing an additional 4,410,291 shares during the last quarter. Vanguard Group Inc boosted its stake 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 worth $1,562,972,000 after acquiring an additional 472,583 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Citrix Systems by 624.4% during the 3rd quarter. Janus Henderson Group PLC now owns 512,741 shares of the cloud computing company’s stock worth $56,996,000 after acquiring an additional 441,957 shares during the last quarter. Northern Trust Corp boosted its stake in shares of 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, Martingale Asset Management L P boosted its stake in shares of Citrix Systems by 173.7% during the 3rd quarter. Martingale Asset Management L P now owns 381,011 shares of the cloud computing company’s stock worth $42,354,000 after acquiring an additional 241,812 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Shares of Citrix Systems stock opened at $100.88 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.71 and a current ratio of 0.72. Citrix Systems, Inc. has a 1-year low of $90.32 and a 1-year high of $116.82. The firm has a market cap of $13.29 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 2.66 and a beta of 1.02.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.08. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The company had revenue of $802.00 million for the quarter, compared to analysts’ expectations of $791.27 million. During the same quarter in the previous year, the company earned $1.66 EPS. Citrix Systems’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Citrix Systems, Inc. will post 4.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, March 7th. Citrix Systems’s dividend payout ratio (DPR) is 30.57%.

In related news, CFO Matto Andrew H. Del sold 582 shares of Citrix Systems stock in a transaction on Monday, March 4th. The shares were sold at an average price of $106.78, for a total transaction of $62,145.96. Following the transaction, the chief financial officer now owns 60,294 shares in the company, valued at approximately $6,438,193.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Calderoni sold 17,353 shares of Citrix Systems stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $105.02, for a total transaction of $1,822,412.06. Following the transaction, the insider now owns 92,141 shares in the company, valued at approximately $9,676,647.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,071 shares of company stock worth $2,711,264. 0.56% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on CTXS shares. Zacks Investment Research upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Wednesday, November 28th. BidaskClub upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Citrix Systems has an average rating of “Hold” and an average target price of $113.77.

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About Citrix Systems

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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