Citrix Systems, Inc. (NASDAQ:CTXS) CFO Arlen Shenkman sold 673 shares of the firm’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $138.55, for a total transaction of $93,244.15. Following the completion of the transaction, the chief financial officer now directly owns 72,639 shares in the company, valued at approximately $10,064,133.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Arlen Shenkman also recently made the following trade(s):
- On Wednesday, March 3rd, Arlen Shenkman sold 673 shares of Citrix Systems stock. The shares were sold at an average price of $134.77, for a total transaction of $90,700.21.
- On Monday, February 1st, Arlen Shenkman sold 673 shares of Citrix Systems stock. The shares were sold at an average price of $133.47, for a total transaction of $89,825.31.
CTXS opened at $142.68 on Thursday. The company has a 50-day moving average of $135.66 and a 200-day moving average of $131.03. The company has a market capitalization of $17.54 billion, a P/E ratio of 30.62, a PEG ratio of 3.83 and a beta of 0.27. Citrix Systems, Inc. has a 1-year low of $111.26 and a 1-year high of $173.56. The company has a debt-to-equity ratio of 25.18, a quick ratio of 0.90 and a current ratio of 0.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This is a positive change from Citrix Systems’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 1.04%. Citrix Systems’s payout ratio is 35.84%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacifica Partners Inc. acquired a new position in shares of Citrix Systems in the 4th quarter valued at about $26,000. Annapolis Financial Services LLC acquired a new position in shares of Citrix Systems in the 4th quarter valued at about $26,000. Retirement Group LLC acquired a new position in shares of Citrix Systems in the 4th quarter valued at about $26,000. Childress Capital Advisors LLC acquired a new position in shares of Citrix Systems in the 4th quarter valued at about $27,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Citrix Systems in the 4th quarter valued at about $29,000. 87.97% of the stock is owned by institutional investors and hedge funds.
Separately, Royal Bank of Canada raised their target price on shares of Citrix Systems from $145.00 to $150.00 in a research note on Wednesday, January 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $159.54.
Citrix Systems Company Profile
Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Citrix Content Collaboration, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance that uses machine learning to quantify user experience; Citrix Secure Workspace Access, which provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.
Featured Article: How accurate is the Rule of 72?
Receive News & Ratings for Citrix Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems and related companies with MarketBeat.com's FREE daily email newsletter.