GHP Investment Advisors Inc. Acquires 926 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

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GHP Investment Advisors Inc. raised its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,232 shares of the cloud computing company’s stock after purchasing an additional 926 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Citrix Systems were worth $3,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Whittier Trust Co. raised its position in Citrix Systems by 1.7% in the 4th quarter. Whittier Trust Co. now owns 5,130 shares of the cloud computing company’s stock valued at $569,000 after purchasing an additional 85 shares during the last quarter. Creative Planning raised its position in Citrix Systems by 1.3% in the 1st quarter. Creative Planning now owns 7,032 shares of the cloud computing company’s stock valued at $995,000 after purchasing an additional 87 shares during the last quarter. Corient Capital Partners LLC raised its position in Citrix Systems by 4.3% in the 1st quarter. Corient Capital Partners LLC now owns 2,214 shares of the cloud computing company’s stock valued at $313,000 after purchasing an additional 91 shares during the last quarter. Advisory Services Network LLC raised its position in Citrix Systems by 3.5% in the 4th quarter. Advisory Services Network LLC now owns 2,819 shares of the cloud computing company’s stock valued at $313,000 after purchasing an additional 96 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd raised its position in Citrix Systems by 0.8% in the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 12,151 shares of the cloud computing company’s stock valued at $1,348,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.

In other Citrix Systems news, CAO Jessica Soisson sold 5,806 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $154.98, for a total value of $899,813.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter John Sacripanti sold 213 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $143.42, for a total value of $30,548.46. Following the completion of the transaction, the director now directly owns 12,462 shares of the company’s stock, valued at $1,787,300.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,903 shares of company stock valued at $5,983,006. Insiders own 0.54% of the company’s stock.

Shares of Citrix Systems stock traded down $2.51 during trading on Tuesday, reaching $144.14. 1,004,100 shares of the company were exchanged, compared to its average volume of 1,823,731. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 1.14. Citrix Systems, Inc. has a twelve month low of $90.28 and a twelve month high of $155.10. The business has a 50-day moving average price of $144.68 and a 200-day moving average price of $124.68. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 4.65 and a beta of 0.33.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Thursday, April 23rd. The cloud computing company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.56. Citrix Systems had a return on equity of 132.00% and a net margin of 23.88%. The business had revenue of $860.95 million during the quarter, compared to analysts’ expectations of $734.29 million. During the same period in the previous year, the firm earned $1.27 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts forecast that Citrix Systems, Inc. will post 3.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a $0.35 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.40 dividend on an annualized basis and a yield of 0.97%. Citrix Systems’s payout ratio is 33.90%.

Several brokerages have issued reports on CTXS. Oppenheimer restated a “hold” rating on shares of Citrix Systems in a research report on Thursday, April 23rd. Citigroup boosted their target price on Citrix Systems from $124.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Jefferies Financial Group boosted their target price on Citrix Systems from $110.00 to $140.00 in a research report on Friday, April 24th. Wells Fargo & Co boosted their target price on Citrix Systems from $150.00 to $165.00 in a research report on Monday, April 27th. Finally, Raymond James boosted their target price on Citrix Systems from $124.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $144.25.

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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