Retirement Systems of Alabama decreased its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,429 shares of the cloud computing company’s stock after selling 1,361 shares during the quarter. Retirement Systems of Alabama’s holdings in Citrix Systems were worth $6,335,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of CTXS. Farallon Capital Management LLC lifted its position in Citrix Systems by 4.2% during the 1st quarter. Farallon Capital Management LLC now owns 2,314,254 shares of the cloud computing company’s stock worth $214,763,000 after acquiring an additional 93,871 shares during the period. Toronto Dominion Bank raised its stake in shares of Citrix Systems by 5.9% during the 1st quarter. Toronto Dominion Bank now owns 754,182 shares of the cloud computing company’s stock worth $69,972,000 after buying an additional 42,029 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Citrix Systems by 0.5% during the 1st quarter. Guggenheim Capital LLC now owns 689,650 shares of the cloud computing company’s stock worth $64,001,000 after buying an additional 3,562 shares in the last quarter. Summit Trail Advisors LLC raised its stake in shares of Citrix Systems by 8,150.5% during the 1st quarter. Summit Trail Advisors LLC now owns 668,045 shares of the cloud computing company’s stock worth $668,000 after buying an additional 659,948 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Citrix Systems by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 567,348 shares of the cloud computing company’s stock worth $52,650,000 after buying an additional 1,641 shares in the last quarter. Institutional investors own 96.25% of the company’s stock.
Citrix Systems stock traded up $0.26 during mid-day trading on Friday, hitting $111.44. 983,505 shares of the company were exchanged, compared to its average volume of 1,509,556. Citrix Systems, Inc. has a 12-month low of $73.33 and a 12-month high of $116.82. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 2.90 and a beta of 1.15.
In related news, CEO David J. Henshall sold 10,000 shares of Citrix Systems stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $105.81, for a total value of $1,058,100.00. Following the transaction, the chief executive officer now owns 344,236 shares in the company, valued at $36,423,611.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Timothy A. Minahan sold 11,688 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $105.05, for a total value of $1,227,824.40. Following the completion of the transaction, the senior vice president now directly owns 69,384 shares in the company, valued at $7,288,789.20. The disclosure for this sale can be found here. Insiders have sold 41,353 shares of company stock worth $4,398,696 in the last 90 days. Insiders own 0.56% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Citrix Systems from $105.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Robert W. Baird reissued an “in-line” rating and set a $110.00 target price (up from $100.00) on shares of Citrix Systems in a research note on Wednesday, April 18th. Mizuho reissued a “buy” rating on shares of Citrix Systems in a research note on Wednesday, May 9th. BidaskClub downgraded Citrix Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Goldman Sachs Group raised Citrix Systems from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and a consensus price target of $113.21.
Citrix Systems Company Profile
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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