Citrix Systems, Inc. (CTXS) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 22.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,100 shares of the cloud computing company’s stock after selling 886 shares during the period. Quantbot Technologies LP’s holdings in Citrix Systems were worth $287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NuWave Investment Management LLC purchased a new stake in shares of Citrix Systems during the fourth quarter valued at approximately $107,000. Optimum Investment Advisors bought a new stake in shares of Citrix Systems in the first quarter worth $136,000. Advisory Services Network LLC increased its stake in shares of Citrix Systems by 346.8% in the fourth quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock worth $130,000 after buying an additional 1,148 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Citrix Systems in the fourth quarter worth $172,000. Finally, Itau Unibanco Holding S.A. increased its stake in shares of Citrix Systems by 197.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,090 shares of the cloud computing company’s stock worth $184,000 after buying an additional 1,388 shares during the last quarter. Institutional investors own 98.25% of the company’s stock.

In other news, SVP Rotterdam Jeroen Van sold 4,618 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $91.89, for a total transaction of $424,348.02. Following the completion of the transaction, the senior vice president now owns 77,417 shares of the company’s stock, valued at $7,113,848.13. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $103.46, for a total transaction of $1,293,250.00. Following the transaction, the chief executive officer now directly owns 353,733 shares of the company’s stock, valued at approximately $36,597,216.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,035 shares of company stock valued at $5,050,793. Corporate insiders own 0.56% of the company’s stock.



CTXS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Tuesday, April 3rd. Wells Fargo & Co dropped their price target on shares of Citrix Systems from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, April 26th. Goldman Sachs Group upgraded shares of Citrix Systems from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, May 1st. Stifel Nicolaus lifted their price target on shares of Citrix Systems from $88.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, April 26th. Finally, Morgan Stanley lifted their price target on shares of Citrix Systems from $84.00 to $92.00 and gave the stock an “underweight” rating in a research note on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Citrix Systems has an average rating of “Hold” and a consensus price target of $103.44.

Citrix Systems stock traded up $0.12 during mid-day trading on Friday, reaching $106.94. The company’s stock had a trading volume of 2,044,491 shares, compared to its average volume of 1,704,550. The company has a market cap of $14.49 billion, a PE ratio of 24.09, a P/E/G ratio of 2.77 and a beta of 1.28. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.36 and a quick ratio of 1.36. Citrix Systems, Inc. has a twelve month low of $73.33 and a twelve month high of $109.43.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, April 25th. The cloud computing company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.24. The firm had revenue of $697.19 million during the quarter, compared to the consensus estimate of $675.57 million. Citrix Systems had a net margin of 3.35% and a return on equity of 49.52%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. equities research analysts anticipate that Citrix Systems, Inc. will post 4.27 earnings per share for the current year.

About Citrix Systems

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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

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