Mitsubishi UFJ Trust & Banking Corp Acquires 24,201 Shares of Citrix Systems, Inc. (CTXS)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 345,961 shares of the cloud computing company’s stock after acquiring an additional 24,201 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.23% of Citrix Systems worth $26,577,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. First Trust Advisors LP increased its position in shares of Citrix Systems by 10.4% in the 2nd quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock valued at $196,965,000 after buying an additional 233,370 shares in the last quarter. Farallon Capital Management LLC increased its position in shares of Citrix Systems by 8.2% in the 2nd quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock valued at $127,859,000 after buying an additional 121,549 shares in the last quarter. BT Investment Management Ltd increased its position in shares of Citrix Systems by 11.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock valued at $101,020,000 after buying an additional 138,032 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Citrix Systems by 0.9% in the 3rd 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. Finally, Numeric Investors LLC increased its position in shares of Citrix Systems by 61.4% in the 2nd quarter. Numeric Investors LLC now owns 1,156,334 shares of the cloud computing company’s stock valued at $92,021,000 after buying an additional 439,821 shares in the last quarter. Institutional investors own 94.42% of the company’s stock.

In related news, CEO David J. Henshall sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $88.31, for a total value of $1,103,875.00. Following the completion of the sale, the chief executive officer now directly owns 294,277 shares in the company, valued at approximately $25,987,601.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rotterdam Jeroen Van sold 8,530 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $84.58, for a total transaction of $721,467.40. Following the completion of the sale, the senior vice president now owns 67,122 shares of the company’s stock, valued at $5,677,178.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,030 shares of company stock valued at $8,225,867. Company insiders own 0.44% of the company’s stock.

A number of research firms recently commented on CTXS. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Stifel Nicolaus restated a “hold” rating and issued a $77.00 price objective on shares of Citrix Systems in a research report on Wednesday, August 9th. Barclays restated an “overweight” rating and issued a $90.00 price objective (up previously from $87.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Mizuho restated a “buy” rating and issued a $94.00 price objective (up previously from $92.00) on shares of Citrix Systems in a research report on Wednesday, October 25th. Finally, MKM Partners restated a “buy” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Citrix Systems currently has an average rating of “Hold” and an average price target of $89.50.

Citrix Systems, Inc. (CTXS) opened at $87.39 on Thursday. Citrix Systems, Inc. has a one year low of $69.20 and a one year high of $88.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44. The company has a market cap of $13,074.10, a PE ratio of 21.11, a PEG ratio of 4.14 and a beta of 1.40.

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

Citrix Systems announced that its Board of Directors has initiated a stock buyback plan on Monday, November 13th that permits the company to repurchase $1.70 billion in shares. This repurchase authorization permits the cloud computing company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is 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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