Forsta AP Fonden purchased a new position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 48,000 shares of the cloud computing company’s stock, valued at approximately $5,336,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its stake in shares of Citrix Systems by 18.0% in the second quarter. State of Alaska Department of Revenue now owns 32,070 shares of the cloud computing company’s stock worth $3,361,000 after purchasing an additional 4,890 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Citrix Systems in the second quarter worth about $241,000. Assenagon Asset Management S.A. grew its stake in shares of Citrix Systems by 2,250.4% in the second quarter. Assenagon Asset Management S.A. now owns 149,042 shares of the cloud computing company’s stock worth $15,626,000 after purchasing an additional 142,701 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Citrix Systems in the second quarter worth about $1,467,000. Finally, Berkshire Asset Management LLC PA bought a new stake in shares of Citrix Systems in the second quarter worth about $219,000. 95.37% of the stock is currently owned by institutional investors.

In other news, EVP Paul J. Hough sold 8,483 shares of Citrix Systems stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $103.16, for a total transaction of $875,106.28. Following the completion of the transaction, the executive vice president now directly owns 54,988 shares in the company, valued at $5,672,562.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jessica Soisson sold 1,136 shares of Citrix Systems stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $113.78, for a total transaction of $129,254.08. The disclosure for this sale can be found here. Insiders have sold 21,641 shares of company stock valued at $2,315,751 over the last quarter. Company insiders own 0.56% of the company’s stock.

Several research firms recently issued reports on CTXS. BidaskClub raised Citrix Systems from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research reissued a “buy” rating and issued a $113.00 target price on shares of Citrix Systems in a research note on Tuesday. Robert W. Baird cut their target price on Citrix Systems from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Citigroup raised their target price on Citrix Systems from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 25th. Finally, Bank of America cut their price objective on Citrix Systems from $123.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Citrix Systems has a consensus rating of “Hold” and an average price target of $113.57.

CTXS stock opened at $106.02 on Wednesday. Citrix Systems, Inc. has a 52-week low of $83.70 and a 52-week high of $116.82. The company has a market cap of $14.22 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.63 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.98.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.15. Citrix Systems had a net margin of 4.27% and a return on equity of 91.46%. The firm had revenue of $732.47 million during the quarter, compared to analyst estimates of $722.76 million. During the same period last year, the business earned $1.22 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that Citrix Systems, Inc. will post 4.38 EPS for the current year.

Citrix Systems declared that its board has initiated a stock buyback plan on Wednesday, October 24th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the cloud computing company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.32%.

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Citrix Systems Profile

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.

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

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