SG Americas Securities LLC lowered its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 68.9% in the fourth quarter, Holdings Channel reports. The firm owned 14,123 shares of the cloud computing company’s stock after selling 31,310 shares during the period. SG Americas Securities LLC’s holdings in Citrix Systems were worth $1,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its stake in Citrix Systems by 6.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,305 shares of the cloud computing company’s stock valued at $422,000 after purchasing an additional 322 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Citrix Systems by 9.8% in the 3rd quarter. Pacer Advisors Inc. now owns 7,339 shares of the cloud computing company’s stock worth $564,000 after buying an additional 655 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Citrix Systems by 4.7% in the 3rd quarter. First Republic Investment Management Inc. now owns 16,245 shares of the cloud computing company’s stock worth $1,248,000 after buying an additional 726 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of Citrix Systems by 50.0% in the 3rd quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock worth $177,000 after buying an additional 768 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of Citrix Systems by 5.5% in the 3rd quarter. Eqis Capital Management Inc. now owns 17,100 shares of the cloud computing company’s stock worth $1,314,000 after buying an additional 884 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Shares of Citrix Systems, Inc. (CTXS) opened at $86.79 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.14. The company has a market cap of $12,920.41, a P/E ratio of 20.66, a P/E/G ratio of 2.72 and a beta of 1.34. Citrix Systems, Inc. has a 1-year low of $73.33 and a 1-year high of $95.00.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. The company had revenue of $777.90 million for the quarter, compared to analysts’ expectations of $778.49 million. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. Citrix Systems’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. analysts expect that Citrix Systems, Inc. will post 3.88 earnings per share for the current fiscal year.

Citrix Systems announced that its board has approved a share repurchase program on Monday, November 13th that authorizes the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization authorizes the cloud computing company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

CTXS has been the topic of a number of research analyst reports. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Friday, November 3rd. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Citigroup cut their target price on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Cowen downgraded Citrix Systems from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $90.00 to $93.00 in a research note on Thursday, January 11th. They noted that the move was a valuation call. Finally, Stifel Nicolaus cut their target price on Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $91.31.

In related news, SVP Rotterdam Jeroen Van sold 8,530 shares of Citrix Systems stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $84.58, for a total value of $721,467.40. Following the sale, the senior vice president now owns 67,122 shares of the company’s stock, valued at approximately $5,677,178.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David J. Henshall sold 12,500 shares of Citrix Systems stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $92.62, for a total transaction 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 approximately $26,098,185.74. The disclosure for this sale can be found here. Insiders sold a total of 96,030 shares of company stock worth $8,341,942 in the last ninety days. 0.44% of the stock is currently owned by insiders.

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Citrix Systems 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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