Citrix Systems, Inc. (CTXS) Stake Lifted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 99.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,034 shares of the cloud computing company’s stock after purchasing an additional 89,948 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.12% of Citrix Systems worth $13,830,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in Citrix Systems by 10.4% in the 2nd quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock valued at $196,965,000 after purchasing an additional 233,370 shares during the period. Farallon Capital Management LLC boosted its holdings in Citrix Systems by 8.2% in the 2nd quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock valued at $127,859,000 after purchasing an additional 121,549 shares during the period. BT Investment Management Ltd boosted its holdings in Citrix Systems by 11.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock valued at $101,020,000 after purchasing an additional 138,032 shares during the period. Schroder Investment Management Group boosted its holdings in Citrix Systems by 0.9% in the 3rd quarter. Schroder Investment Management Group now owns 1,267,628 shares of the cloud computing company’s stock valued at $97,221,000 after purchasing an additional 10,876 shares during the period. Finally, Numeric Investors LLC boosted its holdings in Citrix Systems by 61.4% in the 2nd quarter. Numeric Investors LLC now owns 1,156,334 shares of the cloud computing company’s stock valued at $92,021,000 after purchasing an additional 439,821 shares during the period. Institutional investors own 94.42% of the company’s stock.

Citrix Systems, Inc. (NASDAQ:CTXS) opened at $87.59 on Friday. The company has a market cap of $13,167.52, a P/E ratio of 21.26, a P/E/G ratio of 4.17 and a beta of 1.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43. Citrix Systems, Inc. has a 52 week low of $70.24 and a 52 week high of $88.96.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.18. The business had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 EPS. equities analysts expect that Citrix Systems, Inc. will post 3.93 earnings per share for the current year.

Citrix Systems declared that its Board of Directors has initiated a stock buyback plan on Monday, November 13th that allows the company to repurchase $1.70 billion in shares. This repurchase authorization allows the cloud computing company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

In other Citrix Systems news, CFO Mark M. Coyle sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total value of $210,800.00. Following the completion of the transaction, the chief financial officer now directly owns 38,512 shares in the company, valued at approximately $3,247,331.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the company’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 completion of the transaction, the chief executive officer now owns 306,777 shares of the company’s stock, valued at $25,845,962.25. The disclosure for this sale can be found here. In the last three months, insiders sold 96,030 shares of company stock valued at $8,225,867. 0.44% of the stock is owned by insiders.

A number of analysts have issued reports on CTXS shares. Goldman Sachs Group raised shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the stock a “buy” rating in a report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a report on Monday, September 4th. Finally, Citigroup cut their price target on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, October 27th. 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.50.

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Citrix Systems Company 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.

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

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