MML Investors Services LLC Has $539,000 Holdings in Citrix Systems, Inc. (NASDAQ:CTXS)

MML Investors Services LLC increased its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 86.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,259 shares of the cloud computing company’s stock after acquiring an additional 2,444 shares during the quarter. MML Investors Services LLC’s holdings in Citrix Systems were worth $539,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. CWM LLC increased its stake in Citrix Systems by 43.4% in the fourth quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock valued at $33,000 after purchasing an additional 98 shares during the period. Bessemer Group Inc. increased its stake in shares of Citrix Systems by 8.1% during the fourth quarter. Bessemer Group Inc. now owns 1,659 shares of the cloud computing company’s stock worth $169,000 after acquiring an additional 124 shares during the period. Arcadia Investment Management Corp MI increased its stake in shares of Citrix Systems by 0.9% during the fourth quarter. Arcadia Investment Management Corp MI now owns 14,090 shares of the cloud computing company’s stock worth $1,444,000 after acquiring an additional 130 shares during the period. Cerity Partners LLC increased its stake in shares of Citrix Systems by 3.1% during the fourth quarter. Cerity Partners LLC now owns 4,546 shares of the cloud computing company’s stock worth $466,000 after acquiring an additional 137 shares during the period. Finally, Securian Asset Management Inc increased its stake in shares of Citrix Systems by 1.1% during the fourth quarter. Securian Asset Management Inc now owns 13,227 shares of the cloud computing company’s stock worth $1,355,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 99.94% of the company’s stock.

Shares of CTXS stock traded down $0.42 during trading hours on Wednesday, hitting $100.46. The company’s stock had a trading volume of 1,442,520 shares, compared to its average volume of 2,219,278. The firm has a market capitalization of $13.19 billion, a PE ratio of 21.93, a P/E/G ratio of 2.66 and a beta of 1.01. Citrix Systems, Inc. has a twelve month low of $93.90 and a twelve month high of $116.82. 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 released its quarterly earnings results on Wednesday, April 24th. The cloud computing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Citrix Systems had a net margin of 19.36% and a return on equity of 101.74%. The business had revenue of $719.14 million for the quarter, compared to analyst estimates of $707.78 million. During the same period in the prior year, the business earned $1.29 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Citrix Systems, Inc. will post 4.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors 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 yield of 1.39%. Citrix Systems’s dividend payout ratio (DPR) is currently 30.57%.

A number of research analysts have recently issued reports on the stock. ValuEngine lowered shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. Wedbush dropped their target price on shares of Citrix Systems from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. Finally, Zacks Investment Research reaffirmed a “hold” rating and issued a $113.00 target price on shares of Citrix Systems in a report on Monday, December 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Citrix Systems currently has a consensus rating of “Hold” and a consensus target price of $113.77.

In other Citrix Systems news, EVP Mark J. Ferrer sold 1,388 shares of the stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $101.95, for a total transaction of $141,506.60. Following the transaction, the executive vice president now owns 59,421 shares of the company’s stock, valued at $6,057,970.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David J. Henshall sold 4,298 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $100.00, for a total transaction of $429,800.00. Following the transaction, the chief executive officer now directly owns 355,156 shares in the company, valued at approximately $35,515,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,087 shares of company stock worth $1,222,251. 0.56% of the stock is owned by company insiders.

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About Citrix Systems

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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