Swiss National Bank Buys 68,000 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

Swiss National Bank lifted its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 518,016 shares of the cloud computing company’s stock after buying an additional 68,000 shares during the quarter. Swiss National Bank owned about 0.39% of Citrix Systems worth $50,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Citrix Systems by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 625,096 shares of the cloud computing company’s stock worth $64,048,000 after buying an additional 52,559 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Citrix Systems by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 1,986,493 shares of the cloud computing company’s stock worth $203,231,000 after acquiring an additional 103,540 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Citrix Systems by 13.3% in the first quarter. IFM Investors Pty Ltd now owns 9,125 shares of the cloud computing company’s stock worth $909,000 after acquiring an additional 1,070 shares during the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of Citrix Systems by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 33,423 shares of the cloud computing company’s stock worth $3,330,000 after acquiring an additional 300 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Citrix Systems by 1.7% in the first quarter. Strs Ohio now owns 19,304 shares of the cloud computing company’s stock worth $1,923,000 after acquiring an additional 324 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Monday, April 29th. BidaskClub cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Morgan Stanley dropped their target price on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a report on Thursday, July 25th. Deutsche Bank raised shares of Citrix Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $110.00 to $120.00 in a report on Thursday, June 6th. Finally, Wedbush reissued a “hold” rating and issued a $95.00 target price on shares of Citrix Systems in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $110.25.



In related news, Director Peter John Sacripanti sold 5,726 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $91.40, for a total value of $523,356.40. Following the completion of the transaction, the director now owns 14,249 shares in the company, valued at approximately $1,302,358.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David J. Henshall sold 4,367 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $93.99, for a total transaction of $410,454.33. Following the completion of the transaction, the chief executive officer now owns 373,960 shares of the company’s stock, valued at approximately $35,148,500.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,311 shares of company stock valued at $2,674,467. 0.54% of the stock is owned by company insiders.

CTXS stock opened at $92.30 on Tuesday. The stock has a market capitalization of $12.10 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 3.32 and a beta of 1.01. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.86. Citrix Systems, Inc. has a 12 month low of $90.28 and a 12 month high of $114.55. The firm has a 50-day moving average price of $96.52 and a 200-day moving average price of $99.25.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.27. The business had revenue of $748.70 million during the quarter, compared to analyst estimates of $772.00 million. Citrix Systems had a net margin of 17.60% and a return on equity of 95.52%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $1.28 EPS. As a group, equities analysts predict that Citrix Systems, Inc. will post 3.8 EPS for the current fiscal year.

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.52%. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.

Citrix Systems Profile

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

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