Hudson Valley Investment Advisors Inc. ADV reduced its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,495 shares of the cloud computing company’s stock after selling 400 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Citrix Systems were worth $1,030,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CTXS. CWM Advisors LLC increased its position in Citrix Systems by 11.6% in the 2nd quarter. CWM Advisors LLC now owns 5,498 shares of the cloud computing company’s stock valued at $540,000 after acquiring an additional 570 shares during the period. YHB Investment Advisors Inc. boosted its stake in Citrix Systems by 1.1% during the second quarter. YHB Investment Advisors Inc. now owns 29,979 shares of the cloud computing company’s stock worth $2,942,000 after acquiring an additional 325 shares in the last quarter. Orrstown Financial Services Inc. boosted its stake in Citrix Systems by 12.9% during the second quarter. Orrstown Financial Services Inc. now owns 7,281 shares of the cloud computing company’s stock worth $714,000 after acquiring an additional 834 shares in the last quarter. Gyroscope Capital Management Group LLC boosted its stake in Citrix Systems by 19.3% during the second quarter. Gyroscope Capital Management Group LLC now owns 3,907 shares of the cloud computing company’s stock worth $390,000 after acquiring an additional 631 shares in the last quarter. Finally, PFS Investments Inc. boosted its stake in Citrix Systems by 207.1% during the second quarter. PFS Investments Inc. now owns 7,078 shares of the cloud computing company’s stock worth $707,000 after acquiring an additional 4,773 shares in the last quarter. Institutional investors own 97.69% of the company’s stock.
A number of research analysts have weighed in on CTXS shares. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Wedbush reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Citrix Systems in a research note on Thursday, July 25th. Deutsche Bank raised shares of Citrix Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $110.00 to $120.00 in a research report on Thursday, June 6th. Morgan Stanley dropped their price target on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research report on Thursday, July 25th. Finally, ValuEngine downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Citrix Systems has an average rating of “Hold” and a consensus price target of $110.25.
Shares of NASDAQ CTXS opened at $91.51 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.86. Citrix Systems, Inc. has a 52 week low of $90.28 and a 52 week high of $114.55. The firm’s fifty day moving average is $96.97 and its 200 day moving average is $99.39. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 3.32 and a beta of 1.01.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.27. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. The business had revenue of $748.70 million for the quarter, compared to analysts’ expectations of $772.00 million. During the same quarter in the prior year, the business earned $1.28 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts anticipate that Citrix Systems, Inc. will post 3.8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, September 5th. Citrix Systems’s dividend payout ratio is 30.57%.
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.
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