Citrix Systems, Inc. (CTXS) Holdings Boosted by MUFG Securities EMEA plc
MUFG Securities EMEA plc raised its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 901,300 shares of the cloud computing company’s stock after purchasing an additional 26,300 shares during the period. Citrix Systems accounts for approximately 1.8% of MUFG Securities EMEA plc’s investment portfolio, making the stock its 8th largest holding. MUFG Securities EMEA plc’s holdings in Citrix Systems were worth $79,314,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. BT Investment Management Ltd increased its holdings in Citrix Systems by 11.7% during the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock valued at $101,020,000 after acquiring an additional 138,032 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Citrix Systems by 0.9% during the 3rd quarter. Schroder Investment Management Group now owns 1,267,628 shares of the cloud computing company’s stock worth $97,221,000 after purchasing an additional 10,876 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Citrix Systems by 22.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock worth $87,588,000 after purchasing an additional 200,291 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Citrix Systems by 35.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 943,697 shares of the cloud computing company’s stock worth $72,494,000 after purchasing an additional 248,454 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Citrix Systems by 0.4% during the 3rd quarter. Toronto Dominion Bank now owns 814,903 shares of the cloud computing company’s stock worth $62,592,000 after purchasing an additional 3,331 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. Bank of America raised their price target on shares of Citrix Systems from $91.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday. BidaskClub raised shares of Citrix Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Mizuho reaffirmed a “buy” rating and set a $101.00 price target (up from $92.00) on shares of Citrix Systems in a research note on Wednesday, January 17th. Finally, Barclays cut shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 target price on the stock. in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Citrix Systems presently has an average rating of “Hold” and an average price target of $91.31.
Citrix Systems, Inc. (NASDAQ CTXS) traded down $0.13 during midday trading on Monday, reaching $92.06. 926,185 shares of the company traded hands, compared to its average volume of 1,369,388. Citrix Systems, Inc. has a 52-week low of $73.33 and a 52-week high of $95.00. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $13,890.76, a price-to-earnings ratio of -385.25, a price-to-earnings-growth ratio of 3.04 and a beta of 1.34.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.06. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The firm had revenue of $777.90 million for the quarter, compared to analyst estimates of $778.49 million. During the same quarter last year, the firm posted $1.61 earnings per share. Citrix Systems’s revenue for the quarter was up 5.9% compared to the same quarter last year. sell-side analysts anticipate that Citrix Systems, Inc. will post 3.74 earnings per share for the current fiscal year.
Citrix Systems announced that its board has initiated a share repurchase plan on Monday, November 13th that permits the company to buyback $1.70 billion in outstanding shares. This buyback authorization permits the cloud computing company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
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Citrix Systems Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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