Arlen Shenkman Sells 673 Shares of Citrix Systems, Inc. (NASDAQ:CTXS) Stock


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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.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Monday, January 18th. The cloud computing company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.12. The company had revenue of $810.00 million during the quarter, compared to the consensus estimate of $781.55 million. Citrix Systems had a net margin of 18.52% and a return on equity of 391.74%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 EPS. As a group, sell-side analysts expect that Citrix Systems, Inc. will post 3.93 earnings per share for the current fiscal year.

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.

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