Ellington Management Group LLC purchased a new stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,000 shares of the cloud computing company’s stock, valued at approximately $264,000.
Several other institutional investors have also recently added to or reduced their stakes in CTXS. Wolverine Asset Management LLC grew its stake in shares of Citrix Systems by 173.8% during the 4th quarter. Wolverine Asset Management LLC now owns 550,217 shares of the cloud computing company’s stock valued at $48,419,000 after purchasing an additional 349,230 shares during the period. Assetmark Inc. grew its stake in shares of Citrix Systems by 6,230.1% during the 3rd quarter. Assetmark Inc. now owns 211,299 shares of the cloud computing company’s stock valued at $16,232,000 after acquiring an additional 207,961 shares during the period. Quantitative Investment Management LLC bought a new position in shares of Citrix Systems during the 4th quarter valued at approximately $17,045,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Citrix Systems by 38.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 328,341 shares of the cloud computing company’s stock valued at $25,329,000 after acquiring an additional 90,800 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Citrix Systems by 99.8% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 180,034 shares of the cloud computing company’s stock valued at $13,830,000 after acquiring an additional 89,948 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.
A number of brokerages recently issued reports on CTXS. Mizuho reiterated a “buy” rating and set a $101.00 price objective on shares of Citrix Systems in a research note on Wednesday, January 31st. ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Morgan Stanley boosted their price objective on Citrix Systems from $82.00 to $84.00 and gave the company an “underweight” rating in a research note on Thursday, February 1st. Robert W. Baird reiterated a “buy” rating on shares of Citrix Systems in a research note on Thursday, January 4th. Finally, Zacks Investment Research upgraded Citrix Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $91.31.
Shares of Citrix Systems stock opened at $95.13 on Monday. The stock has a market capitalization of $12,952.03, a P/E ratio of 22.92, a PEG ratio of 3.00 and a beta of 1.29. Citrix Systems, Inc. has a twelve month low of $73.33 and a twelve month high of $96.96. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.14.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.06. The business had revenue of $777.90 million for the quarter, compared to analysts’ expectations of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 EPS. equities research analysts predict that Citrix Systems, Inc. will post 3.91 earnings per share for the current fiscal year.
In other news, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total transaction of $222,250.00. Following the transaction, the chief financial officer now owns 36,012 shares of the company’s stock, valued at approximately $3,201,466.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Calderoni sold 62,237 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $95.78, for a total value of $5,961,059.86. Following the transaction, the insider now directly owns 208,112 shares in the company, valued at approximately $19,932,967.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,237 shares of company stock worth $7,341,060. Corporate 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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