Swiss National Bank Sells 2,000 Shares of Citrix Systems, Inc. (CTXS)

Swiss National Bank cut its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 559,216 shares of the cloud computing company’s stock after selling 2,000 shares during the quarter. Swiss National Bank owned 0.37% of Citrix Systems worth $49,211,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in Citrix Systems by 18.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,336 shares of the cloud computing company’s stock worth $2,142,000 after buying an additional 3,860 shares during the period. MUFG Securities EMEA plc boosted its stake in 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 buying an additional 26,300 shares during the period. American Trust Investment Advisors LLC purchased a new position in Citrix Systems during the fourth quarter worth $4,397,000. Columbus Macro LLC purchased a new position in Citrix Systems during the fourth quarter worth $487,000. Finally, Public Employees Retirement Association of Colorado boosted its stake in Citrix Systems by 3.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 29,541 shares of the cloud computing company’s stock worth $2,600,000 after buying an additional 963 shares during the period. 90.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Citrix Systems, Inc. (NASDAQ CTXS) opened at $91.21 on Friday. Citrix Systems, Inc. has a 52-week low of $73.33 and a 52-week high of $95.00. The firm has a market capitalization of $13,709.95, a price-to-earnings ratio of 21.92, a PEG ratio of 2.89 and a beta of 1.34. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.55 and a current ratio of 1.55.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.06. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The business had revenue of $777.90 million during the quarter, compared to the consensus estimate of $778.49 million. During the same period last year, the company earned $1.61 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts predict that Citrix Systems, Inc. will post 3.88 EPS for the current year.

Citrix Systems announced that its board has authorized a stock repurchase 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Several research firms have commented on CTXS. Sanford C. Bernstein lifted their price objective on shares of Citrix Systems from $95.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley lifted their price objective on shares of Citrix Systems from $82.00 to $84.00 and gave the stock an “underweight” rating in a research note on Thursday, February 1st. Bank of America lifted their price objective on shares of Citrix Systems from $91.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Stifel Nicolaus lifted their price objective on shares of Citrix Systems from $86.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. Finally, Mizuho reaffirmed a “buy” rating and set a $101.00 price objective on shares of Citrix Systems in a research note on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.31.

In related news, CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $92.62, for a total value of $1,157,750.00. Following the completion of the sale, the chief executive officer now directly owns 281,777 shares in the company, valued at $26,098,185.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark M. Coyle sold 2,500 shares of Citrix Systems stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total value of $222,250.00. Following the completion of the sale, the chief financial officer now owns 36,012 shares of the company’s stock, valued at $3,201,466.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,500 shares of company stock valued at $2,483,875. Corporate insiders own 0.44% of the company’s stock.

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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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