Exxonmobil Investment Management Inc. TX lessened its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,760 shares of the cloud computing company’s stock after selling 3,525 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Citrix Systems were worth $2,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CTXS. LSV Asset Management purchased a new stake in Citrix Systems during the second quarter worth about $851,000. Fiera Capital Corp increased its holdings in Citrix Systems by 16.8% during the second quarter. Fiera Capital Corp now owns 6,540 shares of the cloud computing company’s stock worth $521,000 after buying an additional 940 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Citrix Systems by 10.1% during the second quarter. Ameriprise Financial Inc. now owns 422,841 shares of the cloud computing company’s stock worth $33,641,000 after buying an additional 38,817 shares during the last quarter. Norinchukin Bank The increased its holdings in Citrix Systems by 3.2% during the second quarter. Norinchukin Bank The now owns 10,488 shares of the cloud computing company’s stock worth $835,000 after buying an additional 328 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Citrix Systems by 50.4% during the second quarter. Amalgamated Bank now owns 17,686 shares of the cloud computing company’s stock worth $1,407,000 after buying an additional 5,930 shares during the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.

A number of analysts recently issued reports on CTXS shares. Goldman Sachs Group upgraded shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird set a $90.00 price objective on shares of Citrix Systems and gave the stock a “buy” rating in a report on Friday, October 6th. Citigroup decreased their price objective on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, Stifel Nicolaus reduced their target price on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Citrix Systems currently has a consensus rating of “Hold” and an average target price of $89.00.

In related news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total transaction of $1,053,125.00. Following the completion of the transaction, the chief executive officer now owns 306,777 shares of the company’s stock, valued at $25,845,962.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total transaction of $210,800.00. Following the transaction, the chief financial officer now directly owns 38,512 shares of the company’s stock, valued at approximately $3,247,331.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,530 shares of company stock valued at $8,448,117. 0.44% of the stock is owned by corporate insiders.

Citrix Systems, Inc. (NASDAQ CTXS) opened at $90.04 on Tuesday. The company has a market cap of $13,570.00, a P/E ratio of 27.96, a P/E/G ratio of 4.45 and a beta of 1.41. Citrix Systems, Inc. has a 12 month low of $70.24 and a 12 month high of $91.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. The company had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $691.61 million. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. Citrix Systems’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.32 earnings per share. equities analysts forecast that Citrix Systems, Inc. will post 3.93 EPS for the current year.

Citrix Systems declared that its Board of Directors has approved a stock repurchase plan on Monday, November 13th that permits the company to buyback $1.70 billion in shares. This buyback authorization permits the cloud computing company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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Citrix Systems Company 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.

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

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