Bank of Montreal Can Reduces Position in Citrix Systems, Inc. (CTXS)
Bank of Montreal Can lowered its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 73.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,109,453 shares of the cloud computing company’s stock after selling 3,078,745 shares during the period. Bank of Montreal Can’s holdings in Citrix Systems were worth $97,632,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in CTXS. YHB Investment Advisors Inc. grew its holdings in Citrix Systems by 8.8% during the 4th quarter. YHB Investment Advisors Inc. now owns 22,798 shares of the cloud computing company’s stock worth $2,006,000 after acquiring an additional 1,838 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Citrix Systems by 3.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 343,577 shares of the cloud computing company’s stock worth $26,394,000 after acquiring an additional 9,868 shares in the last quarter. Coastline Trust Co acquired a new position in Citrix Systems during the 3rd quarter worth approximately $639,000. IFM Investors Pty Ltd acquired a new position in Citrix Systems during the 3rd quarter worth approximately $356,000. Finally, California Public Employees Retirement System grew its holdings in Citrix Systems by 5.5% during the 3rd quarter. California Public Employees Retirement System now owns 399,273 shares of the cloud computing company’s stock worth $30,672,000 after acquiring an additional 20,873 shares in the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.
In related news, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total value of $1,053,125.00. Following the completion of the sale, the chief executive officer now owns 306,777 shares in the company, valued at approximately $25,845,962.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Rotterdam Jeroen Van sold 8,530 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $84.58, for a total transaction of $721,467.40. Following the completion of the sale, the senior vice president now owns 67,122 shares of the company’s stock, valued at approximately $5,677,178.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,530 shares of company stock valued at $8,448,117. 0.44% of the stock is owned by insiders.
Several research firms have commented on CTXS. Zacks Investment Research upgraded shares of Citrix Systems from a “sell” rating to a “hold” rating in a report on Tuesday. Cowen cut shares of Citrix Systems from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $90.00 to $93.00 in a report on Thursday, January 11th. They noted that the move was a valuation call. Mizuho reiterated a “buy” rating on shares of Citrix Systems in a report on Wednesday. Barclays cut shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price target for the company. in a report on Monday, January 8th. Finally, BidaskClub upgraded shares of Citrix Systems from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Citrix Systems has a consensus rating of “Hold” and an average target price of $89.00.
Citrix Systems, Inc. (NASDAQ:CTXS) opened at $91.19 on Thursday. Citrix Systems, Inc. has a twelve month low of $70.24 and a twelve month high of $91.83. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43. The stock has a market cap of $13,740.00, a price-to-earnings ratio of 28.32, a PEG ratio of 4.45 and a beta of 1.41.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The business had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $691.61 million. During the same quarter in the prior year, the business posted $1.32 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. sell-side analysts expect that Citrix Systems, Inc. will post 3.93 earnings per share for the current year.
Citrix Systems announced that its board has approved a stock repurchase plan on Monday, November 13th that allows the company to repurchase $1.70 billion in shares. This repurchase authorization allows the cloud computing company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Citrix Systems Company 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.
Want to see what other hedge funds are holding CTXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citrix Systems, Inc. (NASDAQ:CTXS).
Receive News & Ratings for Citrix Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems and related companies with MarketBeat.com's FREE daily email newsletter.