Norinchukin Bank The grew its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 6.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,445 shares of the cloud computing company’s stock after buying an additional 732 shares during the quarter. Norinchukin Bank The’s holdings in Citrix Systems were worth $1,007,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. BT Investment Management Ltd lifted its stake in Citrix Systems by 11.7% in the third quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after acquiring an additional 138,032 shares during the period. Schroder Investment Management Group lifted its stake in Citrix Systems by 0.9% in the third quarter. Schroder Investment Management Group now owns 1,267,628 shares of the cloud computing company’s stock worth $97,221,000 after acquiring an additional 10,876 shares during the period. Old Mutual Global Investors UK Ltd. lifted its stake in Citrix Systems by 35.7% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 943,697 shares of the cloud computing company’s stock worth $72,494,000 after acquiring an additional 248,454 shares during the period. MUFG Securities EMEA plc lifted its stake in Citrix Systems by 3.0% in the fourth quarter. MUFG Securities EMEA plc now owns 901,300 shares of the cloud computing company’s stock worth $79,314,000 after acquiring an additional 26,300 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Citrix Systems by 0.4% in the third quarter. Toronto Dominion Bank now owns 814,903 shares of the cloud computing company’s stock worth $62,592,000 after acquiring an additional 3,331 shares during the period. 92.00% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Mark M. Coyle sold 2,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total transaction of $222,250.00. Following the completion of the transaction, the chief financial officer now directly owns 36,012 shares in the company, valued at $3,201,466.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $88.31, for a total value of $1,103,875.00. Following the transaction, the chief executive officer now owns 294,277 shares of the company’s stock, valued at $25,987,601.87. The disclosure for this sale can be found here. Insiders have sold 27,500 shares of company stock valued at $2,483,875 over the last 90 days. Corporate insiders own 0.44% of the company’s stock.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.06. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The firm had revenue of $777.90 million during the quarter, compared to the consensus estimate of $778.49 million. During the same period last year, the company earned $1.61 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. sell-side analysts anticipate that Citrix Systems, Inc. will post 3.88 EPS for the current fiscal year.
Citrix Systems declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 13th that authorizes the company to buyback $1.70 billion in shares. This buyback authorization authorizes the cloud computing company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts recently commented on CTXS shares. Robert W. Baird reaffirmed a “buy” rating on shares of Citrix Systems in a research note on Thursday, January 4th. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Friday, November 3rd. Mizuho reiterated a “buy” rating and issued a $101.00 price objective (up previously from $92.00) on shares of Citrix Systems in a report on Wednesday, January 17th. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barclays downgraded Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $91.31.
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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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