American International Group Inc. Sells 5,310 Shares of Citrix Systems, Inc. (CTXS)

American International Group Inc. lowered its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 8.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,204 shares of the cloud computing company’s stock after selling 5,310 shares during the period. American International Group Inc.’s holdings in Citrix Systems were worth $5,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CTXS. Engineers Gate Manager LP purchased a new stake in Citrix Systems during the 1st quarter valued at $7,173,000. Great Lakes Advisors LLC boosted its stake in Citrix Systems by 162.3% during the 1st quarter. Great Lakes Advisors LLC now owns 40,412 shares of the cloud computing company’s stock valued at $3,750,000 after purchasing an additional 25,005 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Citrix Systems by 29.3% during the 1st quarter. State of Wisconsin Investment Board now owns 181,435 shares of the cloud computing company’s stock valued at $16,837,000 after purchasing an additional 41,071 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Citrix Systems by 17.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 160,113 shares of the cloud computing company’s stock valued at $14,860,000 after purchasing an additional 24,110 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Citrix Systems by 3.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,247 shares of the cloud computing company’s stock valued at $4,385,000 after purchasing an additional 1,538 shares during the last quarter. Institutional investors own 98.77% of the company’s stock.

In related news, Chairman Robert Calderoni sold 2,655 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $91.64, for a total value of $243,304.20. Following the transaction, the chairman now directly owns 163,435 shares of the company’s stock, valued at approximately $14,977,183.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jessica Soisson sold 3,281 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $107.44, for a total value of $352,510.64. Following the completion of the transaction, the vice president now directly owns 19,322 shares in the company, valued at $2,075,955.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,144 shares of company stock worth $9,726,440. 0.56% of the stock is owned by insiders.

CTXS has been the topic of several recent analyst reports. Citigroup increased their target price on Citrix Systems from $94.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, April 20th. Mizuho increased their target price on Citrix Systems to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 26th. ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Tuesday, April 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $102.31.

Citrix Systems opened at $106.55 on Friday, MarketBeat reports. The firm has a market capitalization of $14.44 billion, a PE ratio of 25.74, a PEG ratio of 2.76 and a beta of 1.29. Citrix Systems, Inc. has a 1 year low of $73.33 and a 1 year high of $108.42. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 4.08.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, April 25th. The cloud computing company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.24. The firm had revenue of $697.19 million for the quarter, compared to the consensus estimate of $675.57 million. Citrix Systems had a return on equity of 49.52% and a net margin of 3.35%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. equities research analysts expect that Citrix Systems, Inc. will post 4.27 earnings per share for the current fiscal year.

Citrix Systems Company Profile

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.

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

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