Citrix Systems, Inc. (CTXS) Position Lifted by Boston Partners

Boston Partners increased its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,215 shares of the cloud computing company’s stock after buying an additional 10,384 shares during the period. Boston Partners’ holdings in Citrix Systems were worth $4,507,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CTXS. Old Mutual Global Investors UK Ltd. increased its stake in Citrix Systems by 35.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 943,697 shares of the cloud computing company’s stock worth $72,494,000 after buying an additional 248,454 shares during the period. Assenagon Asset Management S.A. purchased a new position in Citrix Systems in the 3rd quarter worth about $18,414,000. Assetmark Inc. increased its stake in Citrix Systems by 6,230.1% in the 3rd quarter. Assetmark Inc. now owns 211,299 shares of the cloud computing company’s stock worth $16,232,000 after buying an additional 207,961 shares during the period. APG Asset Management N.V. grew its holdings in Citrix Systems by 63.5% during the 3rd quarter. APG Asset Management N.V. now owns 532,823 shares of the cloud computing company’s stock worth $40,931,000 after acquiring an additional 206,900 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Citrix Systems by 42.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 587,411 shares of the cloud computing company’s stock worth $45,125,000 after acquiring an additional 175,340 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on CTXS shares. Stifel Nicolaus dropped their target price on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, October 26th. BidaskClub cut shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd. Barclays cut shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 target price on the stock. in a report on Monday, January 8th. Robert W. Baird reiterated a “buy” rating on shares of Citrix Systems in a report on Thursday, January 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Citrix Systems in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $91.31.

Shares of Citrix Systems, Inc. (CTXS) opened at $86.79 on Tuesday. Citrix Systems, Inc. has a 1-year low of $73.33 and a 1-year high of $95.00. The firm has a market cap of $13,080.00, a PE ratio of 2,893.00, a PEG ratio of 2.72 and a beta of 1.35. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.06. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The business had revenue of $777.90 million for the quarter, compared to analysts’ expectations of $778.49 million. During the same period last year, the business earned $1.61 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. sell-side analysts predict that Citrix Systems, Inc. will post 3.88 earnings per share for the current fiscal year.

Citrix Systems announced that its board has approved a share repurchase program on Monday, November 13th that authorizes the company to repurchase $1.70 billion in shares. This repurchase authorization authorizes the cloud computing company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In related news, insider Robert Calderoni sold 60,000 shares of Citrix Systems stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $85.61, for a total value of $5,136,600.00. Following the completion of the sale, the insider now directly owns 178,706 shares in the company, valued at approximately $15,299,020.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rotterdam Jeroen Van sold 8,530 shares of Citrix Systems stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $84.58, for a total transaction of $721,467.40. Following the completion of the sale, the senior vice president now owns 67,122 shares of the company’s stock, valued at $5,677,178.76. The disclosure for this sale can be found here. Insiders sold a total of 96,030 shares of company stock worth $8,341,942 over the last 90 days. Company insiders own 0.44% of the company’s stock.

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About Citrix Systems

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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