Stone Ridge Asset Management LLC bought a new stake in Citrix Systems, Inc. (NASDAQ:CTXS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,839 shares of the cloud computing company’s stock, valued at approximately $778,000.

A number of other institutional investors also recently modified their holdings of the business. Schroder Investment Management Group boosted its position in Citrix Systems by 0.9% in the third quarter. Schroder Investment Management Group now owns 1,267,628 shares of the cloud computing company’s stock valued at $97,221,000 after buying an additional 10,876 shares in the last quarter. MUFG Securities EMEA plc lifted its holdings in shares of Citrix Systems by 3.0% during the fourth quarter. MUFG Securities EMEA plc now owns 901,300 shares of the cloud computing company’s stock worth $79,314,000 after purchasing an additional 26,300 shares during the period. Legal & General Group Plc lifted its holdings in shares of Citrix Systems by 1.0% during the third quarter. Legal & General Group Plc now owns 763,366 shares of the cloud computing company’s stock worth $58,642,000 after purchasing an additional 7,896 shares during the period. KBC Group NV lifted its holdings in shares of Citrix Systems by 3.5% during the third quarter. KBC Group NV now owns 594,373 shares of the cloud computing company’s stock worth $45,659,000 after purchasing an additional 19,874 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Citrix Systems by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 555,862 shares of the cloud computing company’s stock worth $42,701,000 after purchasing an additional 11,005 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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Citrix Systems stock opened at $94.45 on Thursday. The stock has a market cap of $12,873.06, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.98 and a beta of 1.29. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.14. Citrix Systems, Inc. has a fifty-two week low of $73.33 and a fifty-two week high of $96.96.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.06. The business had revenue of $777.90 million for the quarter, compared to analyst estimates of $778.49 million. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. Citrix Systems’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 earnings per share. equities analysts expect that Citrix Systems, Inc. will post 3.91 EPS for the current year.

A number of brokerages have recently commented on CTXS. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Sanford C. Bernstein lifted their price target on shares of Citrix Systems from $95.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley lifted their price target on shares of Citrix Systems from $82.00 to $84.00 and gave the stock an “underweight” rating in a report on Thursday, February 1st. Finally, Bank of America lifted their price target on shares of Citrix Systems from $91.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Two 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. Citrix Systems presently has a consensus rating of “Hold” and a consensus target price of $91.31.

In other news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $92.62, for a total transaction of $1,157,750.00. Following the completion of the sale, the chief executive officer now directly owns 281,777 shares of the company’s stock, valued at $26,098,185.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Calderoni sold 62,237 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $95.78, for a total transaction of $5,961,059.86. Following the sale, the insider now directly owns 208,112 shares of the company’s stock, valued at $19,932,967.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,237 shares of company stock valued at $7,341,060. Insiders own 0.44% of the company’s stock.

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Citrix Systems Profile

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.

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

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