Citrix Systems, Inc. (NASDAQ:CTXS) Shares Bought by Fiera Capital Corp

Fiera Capital Corp raised its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,935 shares of the cloud computing company’s stock after purchasing an additional 1,898 shares during the quarter. Fiera Capital Corp’s holdings in Citrix Systems were worth $2,398,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTXS. Norges Bank acquired a new position in Citrix Systems in the fourth quarter valued at $140,439,000. Alliancebernstein L.P. increased its stake in Citrix Systems by 53.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,644,507 shares of the cloud computing company’s stock valued at $182,376,000 after purchasing an additional 574,790 shares during the period. Renaissance Technologies LLC acquired a new position in Citrix Systems in the fourth quarter valued at $58,432,000. Amundi Pioneer Asset Management Inc. increased its stake in Citrix Systems by 95.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,055,751 shares of the cloud computing company’s stock valued at $117,094,000 after purchasing an additional 514,705 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Citrix Systems in the first quarter valued at $55,960,000. Institutional investors own 96.15% of the company’s stock.

CTXS stock opened at $137.04 on Friday. The company has a market cap of $16.88 billion, a P/E ratio of 29.59, a P/E/G ratio of 4.29 and a beta of 0.33. Citrix Systems, Inc. has a 52 week low of $90.28 and a 52 week high of $155.10. The company’s 50-day moving average price is $144.92 and its 200 day moving average price is $123.12. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 1.14.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Thursday, April 23rd. The cloud computing company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.56. The firm had revenue of $860.95 million for the quarter, compared to the consensus estimate of $734.29 million. Citrix Systems had a net margin of 23.88% and a return on equity of 132.00%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. On average, equities research analysts expect that Citrix Systems, Inc. will post 3.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, June 4th. Citrix Systems’s dividend payout ratio is currently 33.90%.

A number of research firms have commented on CTXS. Morgan Stanley lifted their price objective on shares of Citrix Systems from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Cfra downgraded shares of Citrix Systems from a “sell” rating to a “strong sell” rating and set a $109.00 target price on the stock. in a report on Thursday, May 7th. Wells Fargo & Co lifted their target price on shares of Citrix Systems from $150.00 to $165.00 in a report on Monday, April 27th. Deutsche Bank lifted their target price on shares of Citrix Systems from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Jefferies Financial Group lifted their target price on shares of Citrix Systems from $110.00 to $140.00 in a report on Friday, April 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $144.25.

In other Citrix Systems news, EVP Rotterdam Jeroen Van sold 8,386 shares of Citrix Systems stock in a transaction dated Friday, April 3rd. The shares were sold at an average price of $142.01, for a total transaction of $1,190,895.86. Following the completion of the transaction, the executive vice president now owns 49,926 shares in the company, valued at $7,089,991.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jessica Soisson sold 5,806 shares of Citrix Systems stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $154.98, for a total transaction of $899,813.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,903 shares of company stock worth $5,983,006. 0.54% of the stock is owned by insiders.

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

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