Macquarie Group Ltd. Sells 10,125 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

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Macquarie Group Ltd. decreased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 32.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,738 shares of the cloud computing company’s stock after selling 10,125 shares during the quarter. Macquarie Group Ltd.’s holdings in Citrix Systems were worth $2,035,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Guinness Asset Management Ltd raised 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. American Trust Investment Advisors LLC raised its position in shares of Citrix Systems by 0.4% in the second quarter. American Trust Investment Advisors LLC now owns 43,609 shares of the cloud computing company’s stock valued at $4,280,000 after purchasing an additional 160 shares during the period. OmniStar Financial Group Inc. raised its position in shares of Citrix Systems by 3.1% in the second quarter. OmniStar Financial Group Inc. now owns 5,416 shares of the cloud computing company’s stock valued at $532,000 after purchasing an additional 163 shares during the period. Covington Capital Management raised 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. Finally, Buckhead Capital Management LLC raised its position in shares of Citrix Systems by 0.9% in the second quarter. Buckhead Capital Management LLC now owns 20,161 shares of the cloud computing company’s stock valued at $1,979,000 after purchasing an additional 176 shares during the period. 97.73% of the stock is currently owned by institutional investors.

In other Citrix Systems news, CEO David J. Henshall sold 6,353 shares of Citrix Systems stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $96.95, for a total transaction of $615,923.35. Following the sale, the chief executive officer now owns 345,511 shares in the company, valued at $33,497,291.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter John Sacripanti sold 5,726 shares of Citrix Systems stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $91.40, for a total transaction of $523,356.40. Following the sale, the director now owns 14,249 shares in the company, valued at approximately $1,302,358.60. The disclosure for this sale can be found here. Insiders have sold 34,473 shares of company stock worth $3,238,732 in the last ninety days. 0.54% of the stock is currently owned by insiders.

Shares of CTXS stock opened at $98.22 on Friday. Citrix Systems, Inc. has a 1 year low of $90.28 and a 1 year high of $112.27. The firm’s fifty day simple moving average is $95.01 and its 200 day simple moving average is $96.93. The firm has a market capitalization of $12.64 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 3.50 and a beta of 1.02. 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 announced its earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.27. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. The business had revenue of $748.70 million for the quarter, compared to analyst estimates of $772.00 million. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Citrix Systems’s revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Citrix Systems, Inc. will post 3.8 EPS for the current fiscal year.

The business also recently announced 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. This represents a $1.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, September 5th. Citrix Systems’s dividend payout ratio (DPR) is currently 30.57%.

A number of research firms have recently commented on CTXS. Wedbush reissued a “hold” rating and issued a $95.00 price target on shares of Citrix Systems in a research report on Thursday, July 25th. BidaskClub raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. Jefferies Financial Group dropped their target price 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. ValuEngine raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley dropped their target price 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $106.00.

Citrix Systems Company Profile

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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