Citrix Systems, Inc. (CTXS) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan lowered its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 1.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 36,074 shares of the cloud computing company’s stock after selling 600 shares during the period. State Treasurer State of Michigan’s holdings in Citrix Systems were worth $3,595,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CTXS. CWM LLC boosted its position in Citrix Systems by 43.4% in the 4th quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock valued at $33,000 after buying an additional 98 shares during the period. Arcadia Investment Management Corp MI boosted its position in Citrix Systems by 0.8% in the 1st quarter. Arcadia Investment Management Corp MI now owns 14,200 shares of the cloud computing company’s stock valued at $1,415,000 after buying an additional 110 shares during the period. MV Capital Management Inc. boosted its position in Citrix Systems by 34.8% in the 1st quarter. MV Capital Management Inc. now owns 476 shares of the cloud computing company’s stock valued at $47,000 after buying an additional 123 shares during the period. Bessemer Group Inc. boosted its position in Citrix Systems by 8.1% in the 4th quarter. Bessemer Group Inc. now owns 1,659 shares of the cloud computing company’s stock valued at $169,000 after buying an additional 124 shares during the period. Finally, Columbus Macro LLC boosted its position in Citrix Systems by 2.7% in the 1st quarter. Columbus Macro LLC now owns 4,828 shares of the cloud computing company’s stock valued at $481,000 after buying an additional 127 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO David J. Henshall sold 4,298 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $100.00, for a total value of $429,800.00. Following the sale, the chief executive officer now directly owns 355,156 shares in the company, valued at approximately $35,515,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matto Andrew H. Del sold 582 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $106.78, for a total transaction of $62,145.96. Following the completion of the sale, the chief financial officer now owns 60,294 shares in the company, valued at $6,438,193.32. The disclosure for this sale can be found here. Insiders sold a total of 16,221 shares of company stock worth $1,638,344 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Several equities analysts have commented on CTXS shares. TheStreet raised shares of Citrix Systems from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Wedbush reissued a “hold” rating and issued a $100.00 price target on shares of Citrix Systems in a research report on Thursday, April 25th. ValuEngine cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Finally, Zacks Investment Research cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $114.30.

Shares of CTXS opened at $95.80 on Friday. Citrix Systems, Inc. has a twelve month low of $95.00 and a twelve month high of $116.82. The firm has a market capitalization of $12.61 billion, a PE ratio of 20.92, a PEG ratio of 2.73 and a beta of 1.00. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, April 24th. The cloud computing company reported $1.27 earnings per share 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 analyst estimates of $707.78 million. During the same period last year, the business earned $1.29 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Equities analysts expect that Citrix Systems, Inc. will post 4.37 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 issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.46%. Citrix Systems’s payout ratio is 30.57%.

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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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