DLD Asset Management LP Acquires 15,375 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

DLD Asset Management LP raised its position in shares of Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) by 8.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 190,375 shares of the cloud computing company’s stock after acquiring an additional 15,375 shares during the period. Citrix Systems makes up approximately 1.3% of DLD Asset Management LP’s holdings, making the stock its 19th largest holding. DLD Asset Management LP’s holdings in Citrix Systems were worth $18,499,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of CTXS. Signaturefd LLC boosted its position in Citrix Systems by 39.2% during the 1st quarter. Signaturefd LLC now owns 962 shares of the cloud computing company’s stock valued at $97,000 after acquiring an additional 271 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Citrix Systems by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 16,648 shares of the cloud computing company’s stock valued at $1,680,000 after purchasing an additional 179 shares during the last quarter. National Asset Management Inc. lifted its holdings in shares of Citrix Systems by 3.2% during the first quarter. National Asset Management Inc. now owns 3,284 shares of the cloud computing company’s stock valued at $332,000 after purchasing an additional 102 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Citrix Systems by 2.6% during the first quarter. Arizona State Retirement System now owns 34,718 shares of the cloud computing company’s stock valued at $3,503,000 after purchasing an additional 894 shares during the last quarter. Finally, abrdn plc lifted its holdings in shares of Citrix Systems by 46.9% during the first quarter. abrdn plc now owns 73,760 shares of the cloud computing company’s stock valued at $7,468,000 after purchasing an additional 23,561 shares during the last quarter. 87.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Citrix Systems in a report on Wednesday, October 12th. They set a “buy” rating for the company. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.00.

Citrix Systems Price Performance

NASDAQ CTXS remained flat at $103.90 during mid-day trading on Thursday. 33 shares of the company were exchanged, compared to its average volume of 1,702,249. Citrix Systems, Inc. has a 52 week low of $78.07 and a 52 week high of $108.84. The firm has a market cap of $13.18 billion, a PE ratio of 40.12 and a beta of 0.08. The business’s 50-day moving average price is $103.87 and its two-hundred day moving average price is $101.66. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 3.92.

Citrix Systems Profile

(Get Rating)

Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.

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

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