Crestline Management LP Purchases New Position in Citrix Systems (CTXS)

Crestline Management LP acquired a new stake in Citrix Systems (NASDAQ:CTXS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,000 shares of the cloud computing company’s stock, valued at approximately $1,056,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Tennessee Treasury Department grew its holdings in Citrix Systems by 30.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 53,723 shares of the cloud computing company’s stock worth $4,128,000 after acquiring an additional 12,382 shares during the period. FDx Advisors Inc. grew its holdings in Citrix Systems by 21.8% during the 3rd quarter. FDx Advisors Inc. now owns 5,566 shares of the cloud computing company’s stock worth $428,000 after acquiring an additional 998 shares during the period. Quantbot Technologies LP acquired a new stake in Citrix Systems during the 3rd quarter worth about $4,186,000. SG Americas Securities LLC grew its holdings in Citrix Systems by 290.4% during the 3rd quarter. SG Americas Securities LLC now owns 45,433 shares of the cloud computing company’s stock worth $3,490,000 after acquiring an additional 33,794 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Citrix Systems during the 3rd quarter worth about $323,000. Institutional investors and hedge funds own 91.46% of the company’s stock.

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In related news, CEO David J. Henshall sold 12,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $92.62, for a total value of $1,157,750.00. Following the transaction, the chief executive officer now owns 281,777 shares of the company’s stock, valued at approximately $26,098,185.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Robert Calderoni sold 2,655 shares of Citrix Systems stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $91.64, for a total transaction of $243,304.20. Following the transaction, the chairman now directly owns 163,435 shares in the company, valued at approximately $14,977,183.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,010 shares of company stock worth $7,786,462. 0.44% of the stock is owned by insiders.

NASDAQ CTXS traded down $0.93 during trading hours on Friday, hitting $91.78. The company’s stock had a trading volume of 1,255,024 shares, compared to its average volume of 1,779,160. Citrix Systems has a 52 week low of $73.33 and a 52 week high of $96.96. The stock has a market cap of $12,622.54, a price-to-earnings ratio of 22.17, a PEG ratio of 2.92 and a beta of 1.27. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.55 and a current ratio of 1.55.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter last year, the firm earned $1.61 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. sell-side analysts predict that Citrix Systems will post 3.91 EPS for the current year.

A number of analysts have weighed in on CTXS shares. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Stifel Nicolaus increased their price target on Citrix Systems from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Robert W. Baird reiterated a “buy” rating on shares of Citrix Systems in a report on Thursday, January 18th. Sanford C. Bernstein increased their price objective on shares of Citrix Systems from $95.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Citrix Systems currently has a consensus rating of “Hold” and a consensus target price of $91.56.

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About Citrix Systems

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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

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