Stevens Capital Management LP Acquires New Stake in Citrix Systems, Inc. (NASDAQ:CTXS)

Stevens Capital Management LP acquired a new stake in Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,598 shares of the cloud computing company’s stock, valued at approximately $774,000.

Other large investors have also recently bought and sold shares of the company. The PNC Financial Services Group Inc. lifted its holdings in Citrix Systems by 10.4% in the first quarter. The PNC Financial Services Group Inc. now owns 18,855 shares of the cloud computing company’s stock valued at $2,647,000 after acquiring an additional 1,772 shares during the period. Alps Advisors Inc. lifted its holdings in Citrix Systems by 27.9% in the first quarter. Alps Advisors Inc. now owns 2,490 shares of the cloud computing company’s stock valued at $349,000 after acquiring an additional 543 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Citrix Systems by 9.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,933 shares of the cloud computing company’s stock valued at $1,113,000 after acquiring an additional 662 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Citrix Systems by 28.7% during the 1st quarter. Advisors Asset Management Inc. now owns 4,059 shares of the cloud computing company’s stock worth $570,000 after buying an additional 905 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Citrix Systems by 5.0% during the 1st quarter. Rafferty Asset Management LLC now owns 23,585 shares of the cloud computing company’s stock worth $3,310,000 after buying an additional 1,120 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

CTXS traded down $0.34 during midday trading on Monday, hitting $109.85. The company’s stock had a trading volume of 3,694 shares, compared to its average volume of 1,390,019. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 11.86. The firm has a market cap of $13.65 billion, a P/E ratio of 38.26, a PEG ratio of 3.29 and a beta of 0.11. The firm has a 50-day moving average price of $106.06 and a two-hundred day moving average price of $118.59. Citrix Systems, Inc. has a 52-week low of $94.66 and a 52-week high of $146.94.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Thursday, July 29th. The cloud computing company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.56 by $0.68. The company had revenue of $812.11 million during the quarter, compared to analysts’ expectations of $845.15 million. Citrix Systems had a return on equity of 237.11% and a net margin of 11.47%. On average, equities analysts expect that Citrix Systems, Inc. will post 2.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday, September 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.35%. The ex-dividend date was Thursday, September 9th. Citrix Systems’s dividend payout ratio (DPR) is 35.49%.

Several research analysts have recently issued reports on CTXS shares. Royal Bank of Canada cut their price target on Citrix Systems from $150.00 to $110.00 and set a “sector perform” rating for the company in a research note on Friday, July 30th. TheStreet downgraded Citrix Systems from a “b-” rating to a “c+” rating in a research note on Thursday, July 29th. Morgan Stanley cut their price target on Citrix Systems from $143.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, July 30th. Jefferies Financial Group cut their price target on Citrix Systems from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, July 30th. Finally, Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “strong sell” rating and set a $88.00 price target for the company. in a research note on Wednesday, August 4th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.63.

In related news, CFO Arlen Shenkman sold 935 shares of the business’s stock in a transaction that occurred on Thursday, July 1st. The stock was sold at an average price of $117.15, for a total transaction of $109,535.25. Following the transaction, the chief financial officer now directly owns 70,034 shares of the company’s stock, valued at approximately $8,204,483.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sridhar Mullapudi sold 690 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $102.69, for a total value of $70,856.10. Following the completion of the transaction, the executive vice president now directly owns 20,711 shares in the company, valued at $2,126,812.59. The disclosure for this sale can be found here. Insiders have sold a total of 25,283 shares of company stock valued at $2,713,746 in the last quarter. Company insiders own 0.61% of the company’s stock.

Citrix Systems Profile

Citrix Systems, Inc engages in the design, development, and marketing of information technology solutions. It provides digital workspace that unifies apps, data, and services. The firm markets and licenses its products directly to customers through web, systems integrators, value-added resellers, and service providers.

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

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