PGGM Investments decreased its position in shares of Citrix Systems Inc. (NASDAQ:CTXS) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 379,922 shares of the cloud computing company’s stock after selling 22,887 shares during the period. PGGM Investments’ holdings in Citrix Systems were worth $30,428,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of CTXS. BlackRock Institutional Trust Company N.A. increased its stake in Citrix Systems by 5.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,303,042 shares of the cloud computing company’s stock worth $338,133,000 after buying an additional 218,499 shares during the period. Bank of Montreal Can purchased a new stake in Citrix Systems during the second quarter worth about $213,278,000. Nordea Investment Management AB increased its stake in Citrix Systems by 12.3% in the second quarter. Nordea Investment Management AB now owns 1,915,589 shares of the cloud computing company’s stock worth $153,420,000 after buying an additional 209,368 shares during the period. Old Mutual Global Investors UK Ltd. increased its stake in Citrix Systems by 27.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,337,497 shares of the cloud computing company’s stock worth $107,120,000 after buying an additional 285,780 shares during the period. Finally, BlackRock Group LTD increased its stake in Citrix Systems by 2.3% in the first quarter. BlackRock Group LTD now owns 1,279,100 shares of the cloud computing company’s stock worth $100,511,000 after buying an additional 28,210 shares during the period. 96.69% of the stock is owned by hedge funds and other institutional investors.
Shares of Citrix Systems Inc. (NASDAQ:CTXS) traded up 0.91% during trading on Wednesday, reaching $86.03. The company’s stock had a trading volume of 669,503 shares. Citrix Systems Inc. has a 12 month low of $60.91 and a 12 month high of $90.00. The company’s 50-day moving average is $86.10 and its 200-day moving average is $83.43. The company has a market capitalization of $13.40 billion, a P/E ratio of 34.66 and a beta of 1.87.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The firm earned $843 million during the quarter, compared to analysts’ expectations of $816.56 million. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. On average, analysts forecast that Citrix Systems Inc. will post $5.06 EPS for the current fiscal year.
A number of equities research analysts have issued reports on CTXS shares. Zacks Investment Research raised Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, July 29th. MKM Partners reissued a “buy” rating and set a $98.00 price target on shares of Citrix Systems in a research report on Tuesday, July 12th. Citigroup Inc. boosted their price objective on Citrix Systems from $93.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Morgan Stanley boosted their price objective on Citrix Systems from $70.00 to $77.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 27th. Finally, Mizuho boosted their price objective on Citrix Systems from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. Citrix Systems currently has an average rating of “Hold” and an average price target of $86.67.
In other Citrix Systems news, VP Jessica Soisson sold 6,140 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $89.01, for a total transaction of $546,521.40. Following the completion of the transaction, the vice president now owns 18,790 shares in the company, valued at $1,672,497.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Murray J. Demo sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $88.99, for a total transaction of $88,990.00. Following the transaction, the director now owns 20,516 shares of the company’s stock, valued at approximately $1,825,718.84. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
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 two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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