Profund Advisors LLC Trims Stock Position in Citrix Systems, Inc. (NASDAQ:CTXS)

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Profund Advisors LLC lessened its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 11.8% during the 4th quarter, Holdings Channel reports. The firm owned 39,181 shares of the cloud computing company’s stock after selling 5,230 shares during the quarter. Profund Advisors LLC’s holdings in Citrix Systems were worth $4,345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FTB Advisors Inc. lifted its stake in shares of Citrix Systems by 293.9% during the fourth quarter. FTB Advisors Inc. now owns 323 shares of the cloud computing company’s stock valued at $35,000 after buying an additional 241 shares during the period. Evoke Wealth LLC purchased a new position in shares of Citrix Systems during the third quarter valued at approximately $47,000. Allred Capital Management LLC purchased a new position in shares of Citrix Systems during the fourth quarter valued at approximately $53,000. SRS Capital Advisors Inc. lifted its stake in shares of Citrix Systems by 25.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 535 shares of the cloud computing company’s stock valued at $59,000 after buying an additional 108 shares during the period. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Citrix Systems during the fourth quarter valued at approximately $89,000. 98.45% of the stock is currently owned by institutional investors.

In other news, EVP Mark J. Ferrer sold 1,245 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $111.59, for a total value of $138,929.55. Following the completion of the sale, the executive vice president now owns 59,798 shares of the company’s stock, valued at $6,672,858.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David J. Henshall sold 4,313 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $111.71, for a total transaction of $481,805.23. Following the completion of the sale, the chief executive officer now directly owns 331,056 shares of the company’s stock, valued at approximately $36,982,265.76. The disclosure for this sale can be found here. Insiders have sold 45,436 shares of company stock valued at $5,542,079 in the last ninety days. 0.54% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on CTXS shares. Raymond James raised shares of Citrix Systems from a “market perform” rating to an “outperform” rating and set a $124.00 price objective on the stock in a research note on Tuesday, March 17th. Robert W. Baird upped their price objective on shares of Citrix Systems from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Morgan Stanley raised shares of Citrix Systems from an “equal weight” rating to an “overweight” rating and set a $160.00 price objective on the stock in a research note on Tuesday. Deutsche Bank upped their price objective on shares of Citrix Systems from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, ValuEngine downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Citrix Systems has an average rating of “Hold” and an average target price of $126.40.

CTXS stock traded up $11.15 on Thursday, hitting $137.81. 3,458,262 shares of the company were exchanged, compared to its average volume of 2,260,042. Citrix Systems, Inc. has a twelve month low of $90.28 and a twelve month high of $141.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. The business’s fifty day moving average is $116.90 and its two-hundred day moving average is $110.33. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 4.30 and a beta of 1.08.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, January 22nd. The cloud computing company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.17 by $0.54. Citrix Systems had a net margin of 22.65% and a return on equity of 84.34%. The firm had revenue of $810.00 million during the quarter, compared to analyst estimates of $802.53 million. During the same quarter in the prior year, the business posted $1.67 earnings per share. Citrix Systems’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts expect that Citrix Systems, Inc. will post 3.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, March 5th. Citrix Systems’s dividend payout ratio (DPR) is 33.90%.

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.

Further Reading: Price-Sales Ratio

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

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