IFM Investors Pty Ltd Acquires 6,118 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

IFM Investors Pty Ltd increased its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 67.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,243 shares of the cloud computing company’s stock after acquiring an additional 6,118 shares during the period. IFM Investors Pty Ltd’s holdings in Citrix Systems were worth $1,471,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in Citrix Systems during the third quarter worth about $25,000. Covington Capital Management boosted its stake in Citrix Systems by 175.0% during the second quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Quest Capital Management Inc. ADV bought a new stake in Citrix Systems during the third quarter worth about $27,000. Guinness Asset Management Ltd boosted its stake in Citrix Systems by 83.8% during the second quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock worth $28,000 after acquiring an additional 134 shares in the last quarter. Finally, CWM LLC boosted its stake in Citrix Systems by 65.1% during the third quarter. CWM LLC now owns 312 shares of the cloud computing company’s stock worth $30,000 after acquiring an additional 123 shares in the last quarter.

Shares of NASDAQ CTXS opened at $110.73 on Friday. The firm’s 50 day moving average price is $101.23 and its 200-day moving average price is $97.55. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74. The company has a market cap of $14.17 billion, a PE ratio of 24.18, a P/E/G ratio of 4.30 and a beta of 1.07. Citrix Systems, Inc. has a 52-week low of $90.28 and a 52-week high of $112.27.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.27. The firm had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $715.05 million. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 earnings per share. On average, analysts forecast that Citrix Systems, Inc. will post 3.85 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Barclays set a $107.00 target price on shares of Citrix Systems and gave the stock a “hold” rating in a research note on Friday, November 1st. Wedbush reiterated a “hold” rating and issued a $92.00 target price on shares of Citrix Systems in a research note on Friday, October 25th. BidaskClub upgraded shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group upgraded shares of Citrix Systems from an “underperform” rating to a “hold” rating and upped their target price for the stock from $80.00 to $105.00 in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $105.33.

In other news, EVP Mark J. Ferrer sold 1,245 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $108.74, for a total value of $135,381.30. Following the completion of the sale, the executive vice president now directly owns 62,133 shares of the company’s stock, valued at $6,756,342.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rotterdam Jeroen Van sold 7,956 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $108.12, for a total transaction of $860,202.72. Following the completion of the sale, the executive vice president now directly owns 48,287 shares of the company’s stock, valued at $5,220,790.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,753 shares of company stock valued at $6,165,888. Corporate insiders own 0.54% of the company’s stock.

Citrix Systems Profile

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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

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