Quantbot Technologies LP bought a new stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 54,503 shares of the cloud computing company’s stock, valued at approximately $4,186,000.

Several other large investors have also bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in shares of Citrix Systems by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,838 shares of the cloud computing company’s stock valued at $465,000 after acquiring an additional 15 shares in the last quarter. Veritable L.P. lifted its holdings in shares of Citrix Systems by 0.3% during the 2nd quarter. Veritable L.P. now owns 4,477 shares of the cloud computing company’s stock valued at $356,000 after acquiring an additional 15 shares in the last quarter. Creative Planning lifted its holdings in shares of Citrix Systems by 2.5% during the 2nd quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock valued at $259,000 after acquiring an additional 78 shares in the last quarter. Advisor Partners LLC lifted its holdings in shares of Citrix Systems by 3.5% during the 2nd quarter. Advisor Partners LLC now owns 3,302 shares of the cloud computing company’s stock valued at $263,000 after acquiring an additional 112 shares in the last quarter. Finally, BTIM Corp. lifted its holdings in shares of Citrix Systems by 0.7% during the 2nd quarter. BTIM Corp. now owns 33,670 shares of the cloud computing company’s stock valued at $2,679,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

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

Several equities analysts recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and set a $77.00 target price on shares of Citrix Systems in a report on Wednesday, August 9th. Barclays PLC restated an “overweight” rating and set a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a report on Wednesday, August 9th. MKM Partners restated a “buy” rating and set a $90.00 target price (down previously from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a report on Monday, July 31st. Finally, Jefferies Group LLC restated a “sell” rating and set a $61.00 target price on shares of Citrix Systems in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $89.50.

Citrix Systems, Inc. (NASDAQ CTXS) traded up $1.12 on Thursday, hitting $85.25. 474,302 shares of the stock traded hands, compared to its average volume of 1,742,859. The company has a market cap of $12,850.00, a P/E ratio of 20.74, a P/E/G ratio of 4.07 and a beta of 1.40. Citrix Systems, Inc. has a one year low of $67.22 and a one year high of $87.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.18. The company had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 EPS. sell-side analysts expect that Citrix Systems, Inc. will post 3.94 earnings per share for the current year.

Citrix Systems announced that its Board of Directors has authorized a share repurchase plan on Monday, November 13th that allows the company to buyback $1.70 billion in shares. This buyback authorization allows the cloud computing company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

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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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