Citrix Systems, Inc. (CTXS) Position Decreased by Tudor Investment Corp Et Al

Tudor Investment Corp Et Al cut its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 89.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,431 shares of the cloud computing company’s stock after selling 21,488 shares during the period. Tudor Investment Corp Et Al’s holdings in Citrix Systems were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CTXS. YHB Investment Advisors Inc. raised its position in shares of Citrix Systems by 1.7% in the third quarter. YHB Investment Advisors Inc. now owns 19,735 shares of the cloud computing company’s stock valued at $1,682,000 after buying an additional 330 shares during the period. Shinko Asset Management Co. Ltd. raised its position in shares of Citrix Systems by 966.9% in the third quarter. Shinko Asset Management Co. Ltd. now owns 4,289 shares of the cloud computing company’s stock valued at $366,000 after buying an additional 3,887 shares during the period. Meeder Asset Management Inc. raised its position in shares of Citrix Systems by 143.0% in the third quarter. Meeder Asset Management Inc. now owns 31,349 shares of the cloud computing company’s stock valued at $2,672,000 after buying an additional 18,446 shares during the period. Starfire Investment Advisers Inc. raised its position in shares of Citrix Systems by 19.2% in the third quarter. Starfire Investment Advisers Inc. now owns 3,575 shares of the cloud computing company’s stock valued at $305,000 after buying an additional 575 shares during the period. Finally, National Pension Service raised its position in shares of Citrix Systems by 9.4% in the third quarter. National Pension Service now owns 127,927 shares of the cloud computing company’s stock valued at $10,902,000 after buying an additional 10,995 shares during the period. 95.94% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) opened at 83.14 on Friday. The stock has a 50 day moving average price of $80.27 and a 200-day moving average price of $72.31. Citrix Systems, Inc. has a 12 month low of $60.42 and a 12 month high of $87.99. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 24.38 and a beta of 1.63.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, January 25th. The cloud computing company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.12. The company had revenue of $908.40 million for the quarter, compared to the consensus estimate of $900.97 million. Citrix Systems had a return on equity of 31.96% and a net margin of 15.68%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. Analysts expect that Citrix Systems, Inc. will post $4.65 earnings per share for the current fiscal year.

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CTXS has been the topic of several recent research reports. Jefferies Group LLC reiterated a “sell” rating and set a $71.00 price objective on shares of Citrix Systems in a research report on Wednesday, January 18th. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Tuesday, December 6th. Citigroup Inc reduced their price objective on Citrix Systems to $113.00 and set a “buy” rating on the stock in a research report on Thursday, January 26th. Mizuho upgraded Citrix Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $100.00 in a research report on Monday, December 5th. Finally, Wells Fargo & Co initiated coverage on Citrix Systems in a research report on Wednesday, January 11th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $91.84.

In related news, CMO Timothy A. Minahan sold 14,886 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $82.00, for a total value of $1,220,652.00. Following the sale, the chief marketing officer now directly owns 64,566 shares in the company, valued at $5,294,412. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $79.47, for a total value of $79,470.00. Following the completion of the sale, the director now owns 9,606 shares in the company, valued at $763,388.82. The disclosure for this sale can be found here. Insiders sold 17,886 shares of company stock worth $1,479,982 over the last quarter. 0.48% of the stock is owned by company insiders.

About Citrix Systems

Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through Enterprise and Service Provider segment. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

5 Day Chart for NASDAQ:CTXS

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