OmniStar Financial Group Inc. grew its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 17.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 5,253 shares of the cloud computing company’s stock after buying an additional 763 shares during the period. OmniStar Financial Group Inc.’s holdings in Citrix Systems were worth $524,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Pearl River Capital LLC purchased a new position in Citrix Systems in the fourth quarter valued at about $26,000. Smart Portfolios LLC acquired a new stake in shares of Citrix Systems in the fourth quarter valued at approximately $29,000. CWM LLC grew its position in shares of 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 last quarter. Essex Savings Bank acquired a new stake in shares of Citrix Systems in the fourth quarter valued at approximately $43,000. Finally, Valeo Financial Advisors LLC grew its position in shares of Citrix Systems by 114.5% in the first quarter. Valeo Financial Advisors LLC now owns 489 shares of the cloud computing company’s stock valued at $49,000 after purchasing an additional 261 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on CTXS. ValuEngine lowered shares of Citrix Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Wedbush restated a “hold” rating and set a $100.00 target price on shares of Citrix Systems in a research report on Thursday, April 25th. BidaskClub upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Finally, TheStreet upgraded shares of Citrix Systems from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $114.30.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, April 24th. The cloud computing company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.41. Citrix Systems had a net margin of 18.08% and a return on equity of 94.77%. The business had revenue of $719.14 million for the quarter, compared to the consensus estimate of $707.78 million. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Citrix Systems, Inc. will post 4.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, June 6th. Citrix Systems’s dividend payout ratio (DPR) is 30.57%.
In other Citrix Systems news, EVP Mark J. Ferrer sold 1,388 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $105.04, for a total transaction of $145,795.52. Following the completion of the transaction, the executive vice president now directly owns 58,033 shares of the company’s stock, valued at approximately $6,095,786.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul J. Hough sold 2,461 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $100.00, for a total transaction of $246,100.00. Following the transaction, the executive vice president now directly owns 64,173 shares of the company’s stock, valued at $6,417,300. The disclosure for this sale can be found here. Insiders have sold a total of 16,221 shares of company stock worth $1,638,344 in the last ninety days. 0.56% of the stock is currently owned by insiders.
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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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