Citrix Systems, Inc. (CTXS) Shares Sold by Advisor Group Inc.

Advisor Group Inc. lowered its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 13.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,370 shares of the cloud computing company’s stock after selling 4,283 shares during the quarter. Advisor Group Inc.’s holdings in Citrix Systems were worth $2,103,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Spot Trading L.L.C. purchased a new stake in Citrix Systems in the 1st quarter valued at about $246,000. Dimensional Fund Advisors LP raised its holdings in Citrix Systems by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 476,351 shares of the cloud computing company’s stock valued at $39,724,000 after buying an additional 25,026 shares during the period. Creative Planning raised its holdings in Citrix Systems by 2.5% in the 2nd quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock valued at $259,000 after buying an additional 78 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in Citrix Systems by 510.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 25,384 shares of the cloud computing company’s stock worth $2,020,000 after purchasing an additional 21,225 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in Citrix Systems by 126.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 36,870 shares of the cloud computing company’s stock worth $2,934,000 after purchasing an additional 20,600 shares during the period. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Rotterdam Jeroen Van sold 8,530 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $84.58, for a total transaction of $721,467.40. Following the sale, the senior vice president now owns 67,122 shares of the company’s stock, valued at $5,677,178.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total value of $1,053,125.00. Following the sale, the chief executive officer now directly owns 306,777 shares in the company, valued at approximately $25,845,962.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,530 shares of company stock valued at $1,985,392. Company insiders own 0.44% of the company’s stock.

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A number of brokerages have recently commented on CTXS. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a research report on Thursday, August 3rd. Barclays PLC reissued an “overweight” rating and set a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. BidaskClub downgraded Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Mizuho reissued a “buy” rating and set a $94.00 price objective (up from $92.00) on shares of Citrix Systems in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $89.50.

Citrix Systems, Inc. (CTXS) opened at $85.64 on Friday. Citrix Systems, Inc. has a 52-week low of $67.22 and a 52-week high of $87.99. The firm has a market capitalization of $12,900.00, a price-to-earnings ratio of 20.47, a PEG ratio of 4.01 and a beta of 1.40. 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 announced its quarterly earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The business had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $691.61 million. During the same quarter last year, the business posted $1.32 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. sell-side analysts forecast that Citrix Systems, Inc. will post 3.94 EPS for the current year.

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

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.

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

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