Dynamic Technology Lab Private Ltd purchased a new position in Citrix Systems, Inc. (NASDAQ:CTXS) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 13,986 shares of the cloud computing company’s stock, valued at approximately $1,554,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTXS. Banque Pictet & Cie SA lifted its stake in Citrix Systems by 0.5% in the second quarter. Banque Pictet & Cie SA now owns 82,451 shares of the cloud computing company’s stock worth $8,644,000 after purchasing an additional 450 shares during the last quarter. New Amsterdam Partners LLC NY lifted its stake in Citrix Systems by 16.5% in the third quarter. New Amsterdam Partners LLC NY now owns 3,825 shares of the cloud computing company’s stock worth $425,000 after purchasing an additional 541 shares during the last quarter. South State Corp lifted its stake in Citrix Systems by 7.6% in the third quarter. South State Corp now owns 8,245 shares of the cloud computing company’s stock worth $916,000 after purchasing an additional 579 shares during the last quarter. Commerce Bank lifted its stake in Citrix Systems by 15.2% in the third quarter. Commerce Bank now owns 4,482 shares of the cloud computing company’s stock worth $498,000 after purchasing an additional 593 shares during the last quarter. Finally, Hartford Investment Management Co. lifted its stake in Citrix Systems by 2.9% in the third quarter. Hartford Investment Management Co. now owns 21,577 shares of the cloud computing company’s stock worth $2,398,000 after purchasing an additional 608 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

CTXS has been the subject of several analyst reports. BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Barclays raised their price objective on shares of Citrix Systems from $112.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Wedbush initiated coverage on shares of Citrix Systems in a research note on Thursday, October 18th. They issued a “neutral” rating and a $115.00 price objective for the company. Bank of America decreased their price objective on shares of Citrix Systems from $123.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Finally, Citigroup raised their price objective on shares of Citrix Systems from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $114.21.

Citrix Systems stock opened at $107.37 on Friday. 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, 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 $14.73 billion, a PE ratio of 23.71, a P/E/G ratio of 2.72 and a beta of 1.37.

Citrix Systems (NASDAQ:CTXS) last posted 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 firm had revenue of $732.47 million during the quarter, compared to the consensus estimate of $722.76 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that Citrix Systems, Inc. will post 4.39 EPS for the current year.

The business 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 1.30%. The ex-dividend date is Thursday, December 6th. Citrix Systems’s dividend payout ratio is presently 33.82%.

Citrix Systems declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 24th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the cloud computing company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, EVP Timothy A. Minahan sold 5,890 shares of Citrix Systems stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $109.40, for a total transaction of $644,366.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark J. Ferrer sold 1,388 shares of Citrix Systems stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $107.41, for a total transaction of $149,085.08. Following the transaction, the executive vice president now directly owns 62,013 shares in the company, valued at $6,660,816.33. The disclosure for this sale can be found here. Insiders have sold 27,783 shares of company stock valued at $2,973,266 in the last ninety days. 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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