Kentucky Retirement Systems Insurance Trust Fund Purchases Shares of 2,532 Citrix Systems, Inc. (CTXS)

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Citrix Systems, Inc. (NASDAQ:CTXS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,532 shares of the cloud computing company’s stock, valued at approximately $259,000.

Several other hedge funds also recently bought and sold shares of CTXS. Vanguard Group Inc lifted its stake in Citrix Systems by 3.5% during the third quarter. Vanguard Group Inc now owns 14,060,558 shares of the cloud computing company’s stock worth $1,562,972,000 after purchasing an additional 472,583 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Citrix Systems by 8,930.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,459,674 shares of the cloud computing company’s stock valued at $44,000 after acquiring an additional 4,410,291 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Citrix Systems by 11.9% in the 4th quarter. Northern Trust Corp now owns 2,369,828 shares of the cloud computing company’s stock valued at $242,812,000 after acquiring an additional 251,645 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Citrix Systems by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,986,493 shares of the cloud computing company’s stock valued at $203,231,000 after acquiring an additional 103,540 shares during the last quarter. Finally, Man Group plc lifted its stake in shares of Citrix Systems by 11.9% in the 3rd quarter. Man Group plc now owns 1,898,908 shares of the cloud computing company’s stock valued at $211,082,000 after acquiring an additional 201,851 shares during the last quarter. Institutional investors own 99.94% of the company’s stock.

Shares of NASDAQ CTXS traded down $0.42 during midday trading on Wednesday, hitting $100.46. 1,442,520 shares of the stock traded hands, compared to its average volume of 2,219,278. Citrix Systems, Inc. has a one year low of $93.90 and a one year high of $116.82. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.66 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.71.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.08. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The company had revenue of $802.00 million for the quarter, compared to analysts’ expectations of $791.27 million. During the same period last year, the firm earned $1.66 EPS. Citrix Systems’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Citrix Systems, Inc. will post 4.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. Citrix Systems’s payout ratio is 30.57%.

A number of equities research analysts have recently weighed in on CTXS shares. TheStreet raised Citrix Systems from a “c+” rating to a “b” rating in a research note on Wednesday, January 23rd. BidaskClub raised Citrix Systems from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. ValuEngine downgraded Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Zacks Investment Research reiterated a “hold” rating and set a $113.00 target price on shares of Citrix Systems in a report on Monday, December 31st. Finally, Wedbush reduced their target price on Citrix Systems from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $113.77.

In other news, CEO David J. Henshall sold 4,298 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $100.00, for a total transaction of $429,800.00. Following the completion of the transaction, the chief executive officer now owns 355,156 shares in the company, valued at $35,515,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul J. Hough sold 2,461 shares of Citrix Systems stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $100.00, for a total value of $246,100.00. Following the completion of the transaction, the executive vice president now owns 64,173 shares of the company’s stock, valued at approximately $6,417,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,087 shares of company stock valued at $1,222,251. Company insiders own 0.56% of the company’s stock.

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Citrix Systems Profile

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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

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