National Pension Service Boosts Position in Citrix Systems, Inc. (CTXS)
National Pension Service boosted its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,568 shares of the cloud computing company’s stock after acquiring an additional 11,419 shares during the quarter. National Pension Service’s holdings in Citrix Systems were worth $15,890,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BT Investment Management Ltd lifted its position in Citrix Systems by 11.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock valued at $101,020,000 after acquiring an additional 138,032 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Citrix Systems by 22.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock valued at $87,588,000 after acquiring an additional 200,291 shares in the last quarter. Profit Investment Management LLC lifted its position in Citrix Systems by 43.4% in the 3rd quarter. Profit Investment Management LLC now owns 16,092 shares of the cloud computing company’s stock valued at $1,236,000 after acquiring an additional 4,867 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Citrix Systems by 14.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock valued at $43,360,000 after acquiring an additional 68,506 shares in the last quarter. Finally, PGGM Investments lifted its position in Citrix Systems by 25.3% in the 3rd quarter. PGGM Investments now owns 468,106 shares of the cloud computing company’s stock valued at $35,960,000 after acquiring an additional 94,592 shares in the last quarter. 92.18% of the stock is currently owned by institutional investors and hedge funds.
CTXS has been the topic of several research reports. Wells Fargo & Co raised shares of Citrix Systems from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $82.50 to $95.00 in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the company a “buy” rating in a research note on Friday, October 6th. Royal Bank of Canada reiterated a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a research note on Tuesday, October 10th. Finally, Mizuho reiterated a “buy” rating and issued a $94.00 price target (up from $92.00) on shares of Citrix Systems in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. Citrix Systems has a consensus rating of “Hold” and an average target price of $89.50.
Shares of Citrix Systems, Inc. (CTXS) opened at $93.84 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43. Citrix Systems, Inc. has a 52 week low of $70.24 and a 52 week high of $94.03. The stock has a market cap of $13,970.62, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 4.58 and a beta of 1.40.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly 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. The firm had revenue of $691.00 million for the quarter, compared to analyst estimates of $691.61 million. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. equities research analysts anticipate that Citrix Systems, Inc. will post 3.93 earnings per share for the current fiscal year.
Citrix Systems declared that its board has authorized a stock repurchase program on Monday, November 13th that permits the company to buyback $1.70 billion in outstanding shares. This buyback authorization permits the cloud computing company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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Citrix Systems 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.
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