Rhumbline Advisers trimmed its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 2.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 297,169 shares of the cloud computing company’s stock after selling 8,358 shares during the period. Rhumbline Advisers owned approximately 0.20% of Citrix Systems worth $22,829,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of Citrix Systems by 10.4% during the 2nd quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock worth $196,965,000 after acquiring an additional 233,370 shares during the period. Farallon Capital Management LLC lifted its holdings in shares of Citrix Systems by 8.2% during the 2nd quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock worth $127,859,000 after acquiring an additional 121,549 shares during the period. BT Investment Management Ltd lifted its holdings in shares of Citrix Systems by 11.7% during the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after acquiring an additional 138,032 shares during the period. Numeric Investors LLC lifted its holdings in shares of Citrix Systems by 61.4% during the 2nd quarter. Numeric Investors LLC now owns 1,156,334 shares of the cloud computing company’s stock worth $92,021,000 after acquiring an additional 439,821 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Citrix Systems by 22.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock worth $87,588,000 after acquiring an additional 200,291 shares during the period. 94.32% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on CTXS shares. Citigroup Inc. reduced their price objective on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Citrix Systems in a report on Friday, November 10th. MKM Partners reaffirmed a “buy” rating and set a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Barclays PLC reaffirmed an “overweight” rating and set a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) raised shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Friday, November 3rd. Two equities 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 stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.50.

Shares of Citrix Systems, Inc. (NASDAQ CTXS) opened at $86.51 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 1.43. The firm has a market cap of $13,034.93, a PE ratio of 21.05, a price-to-earnings-growth ratio of 4.13 and a beta of 1.39. Citrix Systems, Inc. has a 1 year low of $67.22 and a 1 year high of $87.99.

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

Citrix Systems announced that its Board of Directors has approved a stock repurchase program on Monday, November 13th that allows the company to buyback $1.70 billion in shares. This buyback authorization allows the cloud computing company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other news, CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total transaction of $1,053,125.00. Following the completion of the sale, the chief executive officer now owns 306,777 shares in the company, valued at approximately $25,845,962.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark M. Coyle sold 2,500 shares of Citrix Systems stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $84.32, for a total transaction of $210,800.00. Following the sale, the chief financial officer now owns 38,512 shares of the company’s stock, valued at approximately $3,247,331.84. The disclosure for this sale can be found here. Insiders sold a total of 23,530 shares of company stock valued at $1,985,392 in the last 90 days. 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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