Toronto Dominion Bank Has $9.05 Million Position in Citrix Systems, Inc. (NASDAQ:CTXS)

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Toronto Dominion Bank boosted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 92,204 shares of the cloud computing company’s stock after purchasing an additional 981 shares during the quarter. Toronto Dominion Bank’s holdings in Citrix Systems were worth $9,047,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Citrix Systems by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 625,096 shares of the cloud computing company’s stock valued at $64,048,000 after buying an additional 52,559 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Citrix Systems by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,986,493 shares of the cloud computing company’s stock valued at $203,231,000 after buying an additional 103,540 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of Citrix Systems by 2.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 13,299 shares of the cloud computing company’s stock valued at $1,325,000 after buying an additional 329 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Citrix Systems by 10.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,394 shares of the cloud computing company’s stock valued at $837,000 after buying an additional 780 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Citrix Systems by 4.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,316 shares of the cloud computing company’s stock valued at $729,000 after buying an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

A number of analysts have recently weighed in on the company. 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. Morgan Stanley lowered 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. BidaskClub upgraded Citrix Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, August 27th. ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $109.71.

In related news, CAO Jessica Soisson sold 5,400 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $96.33, for a total value of $520,182.00. Following the transaction, the chief accounting officer now owns 32,797 shares in the company, valued at $3,159,335.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David J. Henshall sold 6,353 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $99.44, for a total value of $631,742.32. Following the completion of the transaction, the chief executive officer now owns 368,156 shares in the company, valued at approximately $36,609,432.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,473 shares of company stock worth $3,254,551. 0.54% of the stock is owned by company insiders.

Citrix Systems stock traded down $0.58 during mid-day trading on Friday, hitting $95.95. The stock had a trading volume of 968,037 shares, compared to its average volume of 1,588,341. The stock has a 50-day simple moving average of $93.20 and a two-hundred day simple moving average of $97.82. The stock has a market capitalization of $12.64 billion, a PE ratio of 20.95, a P/E/G ratio of 3.47 and a beta of 1.01. Citrix Systems, Inc. has a 12 month low of $90.28 and a 12 month high of $112.79. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.86.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.27. The business had revenue of $748.70 million for the quarter, compared to analysts’ expectations of $772.00 million. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. Sell-side analysts expect that Citrix Systems, Inc. will post 3.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, September 5th. Citrix Systems’s dividend payout ratio is 30.57%.

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

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