Citrix Systems, Inc. (NASDAQ:CTXS) Holdings Lifted by Oakbrook Investments LLC

Oakbrook Investments LLC raised its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 143.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,850 shares of the cloud computing company’s stock after buying an additional 8,150 shares during the period. Oakbrook Investments LLC’s holdings in Citrix Systems were worth $1,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its holdings in Citrix Systems by 22.2% in 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 in the last quarter. Artemis Investment Management LLP bought a new position in Citrix Systems in the 2nd quarter worth $9,003,000. Profit Investment Management LLC raised its holdings in Citrix Systems by 43.4% in the 3rd quarter. Profit Investment Management LLC now owns 16,092 shares of the cloud computing company’s stock worth $1,236,000 after purchasing an additional 4,867 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Citrix Systems by 14.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock worth $43,360,000 after purchasing an additional 68,506 shares in the last quarter. Finally, PGGM Investments raised its holdings in Citrix Systems by 25.3% in the 3rd quarter. PGGM Investments now owns 468,106 shares of the cloud computing company’s stock worth $35,960,000 after purchasing an additional 94,592 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

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In other Citrix Systems news, CEO David J. Henshall sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total transaction of $1,053,125.00. Following the sale, the chief executive officer now owns 306,777 shares in the company, valued at approximately $25,845,962.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark M. Coyle sold 2,500 shares of Citrix Systems stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total transaction of $210,800.00. Following the sale, the chief financial officer now owns 38,512 shares in the company, valued at approximately $3,247,331.84. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Several research analysts have commented on CTXS shares. MKM Partners restated a “buy” rating and issued a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Robert W. Baird set a $90.00 price objective on shares of Citrix Systems and gave the stock a “buy” rating in a report on Friday, October 6th. Mizuho reiterated a “buy” rating and issued a $94.00 price target (up from $92.00) on shares of Citrix Systems in a research note on Wednesday, October 25th. Citigroup Inc. decreased their price target on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $89.50.

Citrix Systems, Inc. (NASDAQ:CTXS) traded up $0.19 on Friday, hitting $84.22. 1,250,200 shares of the company were exchanged, compared to its average volume of 1,741,777. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44. The stock has a market capitalization of $12,661.24, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 4.01 and a beta of 1.39. Citrix Systems, Inc. has a one year low of $66.28 and a one year high of $87.99.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The company had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $691.61 million. During the same quarter last year, the business earned $1.32 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. research analysts predict that Citrix Systems, Inc. will post 3.94 EPS for the current fiscal year.

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.

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

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