Citrix Systems, Inc. (CTXS) Holdings Lifted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 38.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,341 shares of the cloud computing company’s stock after buying an additional 90,800 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.22% of Citrix Systems worth $25,329,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Grove Bank & Trust boosted its position in shares of Citrix Systems by 50.0% during the third quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock valued at $177,000 after buying an additional 768 shares during the period. Greenwood Capital Associates LLC boosted its position in shares of Citrix Systems by 12.0% during the second quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock valued at $214,000 after buying an additional 289 shares during the period. Intact Investment Management Inc. purchased a new position in shares of Citrix Systems during the third quarter valued at approximately $215,000. Colony Group LLC purchased a new position in shares of Citrix Systems during the second quarter valued at approximately $228,000. Finally, New Amsterdam Partners LLC NY purchased a new stake in shares of Citrix Systems in the second quarter valued at approximately $231,000. Institutional investors and hedge funds own 94.42% of the company’s stock.

A number of analysts recently issued reports on CTXS shares. Stifel Nicolaus lowered their price target on Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 26th. Jefferies Group reiterated a “sell” rating and issued a $61.00 price target on shares of Citrix Systems in a report on Friday, August 11th. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Wells Fargo & Company upgraded Citrix Systems from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $82.50 to $95.00 in a report on Monday, October 2nd. Finally, Robert W. Baird set a $90.00 price target on Citrix Systems and gave the company a “buy” rating in a report on Friday, October 6th. Two 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 company’s stock. Citrix Systems currently has a consensus rating of “Hold” and a consensus price target of $89.50.

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 value 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Calderoni sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $85.61, for a total transaction of $5,136,600.00. Following the completion of the transaction, the insider now directly owns 178,706 shares of the company’s stock, valued at approximately $15,299,020.66. The disclosure for this sale can be found here. Insiders sold 96,030 shares of company stock valued at $8,225,867 in the last three months. 0.44% of the stock is currently owned by insiders.

Citrix Systems, Inc. (NASDAQ CTXS) opened at $87.20 on Wednesday. The company has a market cap of $13,312.17, a P/E ratio of 21.50, a P/E/G ratio of 4.22 and a beta of 1.40. Citrix Systems, Inc. has a 12 month low of $69.20 and a 12 month high of $88.96. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69.

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, topping analysts’ consensus estimates 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%. Citrix Systems’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 earnings per share. analysts forecast that Citrix Systems, Inc. will post 3.93 EPS for the current fiscal year.

Citrix Systems declared that its Board of Directors has approved a share repurchase program on Monday, November 13th that allows the company to repurchase $1.70 billion in shares. This repurchase authorization allows the cloud computing company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership 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.

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

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