Trillium Asset Management LLC lowered its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 25.7% during the third quarter, HoldingsChannel.com reports. The firm owned 12,578 shares of the cloud computing company’s stock after selling 4,360 shares during the quarter. Trillium Asset Management LLC’s holdings in Citrix Systems were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in Citrix Systems by 624.4% during the 3rd quarter. Janus Henderson Group PLC now owns 512,741 shares of the cloud computing company’s stock worth $56,996,000 after acquiring an additional 441,957 shares during the period. Cedar Capital LLC increased its stake in Citrix Systems by 36.4% during the 3rd quarter. Cedar Capital LLC now owns 5,452 shares of the cloud computing company’s stock worth $606,000 after acquiring an additional 1,454 shares during the period. Piedmont Investment Advisors Inc. increased its stake in Citrix Systems by 798.6% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 13,102 shares of the cloud computing company’s stock worth $1,456,000 after acquiring an additional 11,644 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Citrix Systems by 850.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 158,200 shares of the cloud computing company’s stock worth $17,586,000 after acquiring an additional 141,550 shares during the period. Finally, Hartford Investment Management Co. increased its stake in Citrix Systems by 2.9% during the 3rd quarter. Hartford Investment Management Co. now owns 21,577 shares of the cloud computing company’s stock worth $2,398,000 after acquiring an additional 608 shares during the period.

Shares of NASDAQ CTXS opened at $106.12 on Wednesday. Citrix Systems, Inc. has a fifty-two week low of $83.70 and a fifty-two week high of $116.82. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.67 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.98.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.15. Citrix Systems had a net margin of 4.27% and a return on equity of 91.46%. The company had revenue of $732.47 million during the quarter, compared to the consensus estimate of $722.76 million. During the same quarter last year, the firm earned $1.22 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Citrix Systems, Inc. will post 4.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, December 6th.

Citrix Systems announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 24th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the cloud computing company to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of research firms have commented on CTXS. Morgan Stanley raised their price objective on Citrix Systems from $92.00 to $101.00 and gave the stock an “underweight” rating in a research note on Thursday, July 26th. Barclays raised their price objective on Citrix Systems from $112.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Wells Fargo & Co raised their price objective on Citrix Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 24th. BidaskClub downgraded Citrix Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research reaffirmed a “buy” rating and issued a $113.00 target price on shares of Citrix Systems in a report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $114.21.

In other news, insider Robert Calderoni sold 2,128 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.28, for a total value of $241,059.84. Following the sale, the insider now directly owns 145,790 shares in the company, valued at approximately $16,515,091.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jessica Soisson sold 1,136 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $113.78, for a total transaction of $129,254.08. The disclosure for this sale can be found here. Insiders have sold a total of 21,641 shares of company stock worth $2,315,751 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

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About Citrix Systems

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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

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