Citrix Systems, Inc. (CTXS) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB increased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,052 shares of the cloud computing company’s stock after purchasing an additional 1,909 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Citrix Systems were worth $3,965,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NuWave Investment Management LLC bought a new stake in shares of Citrix Systems in the 4th quarter valued at about $107,000. Advisory Services Network LLC raised its holdings in shares of Citrix Systems by 346.8% in the 4th quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock valued at $130,000 after purchasing an additional 1,148 shares during the period. Icon Wealth Partners LLC bought a new stake in shares of Citrix Systems in the 4th quarter valued at about $172,000. Grove Bank & Trust raised its holdings in shares of Citrix Systems by 50.0% in the 3rd quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock valued at $177,000 after purchasing an additional 768 shares during the period. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Citrix Systems by 197.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 2,090 shares of the cloud computing company’s stock valued at $184,000 after purchasing an additional 1,388 shares during the period. 91.46% of the stock is currently owned by institutional investors.

In other Citrix Systems news, insider Robert Calderoni sold 62,237 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $95.78, for a total transaction of $5,961,059.86. Following the transaction, the insider now owns 208,112 shares in the company, valued at approximately $19,932,967.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 36,012 shares in the company, valued at approximately $3,201,466.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,237 shares of company stock worth $7,341,060. 0.44% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on CTXS. Bank of America upped their target price on shares of Citrix Systems from $91.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Stifel Nicolaus upped their target price on shares of Citrix Systems from $86.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Sanford C. Bernstein upped their target price on shares of Citrix Systems from $95.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Mizuho reaffirmed a “buy” rating and issued a $101.00 target price on shares of Citrix Systems in a report on Wednesday, January 31st. Finally, Morgan Stanley upped their target price on shares of Citrix Systems from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $91.31.

Citrix Systems, Inc. (NASDAQ CTXS) opened at $91.60 on Monday. Citrix Systems, Inc. has a 52 week low of $73.33 and a 52 week high of $96.96. The company has a market cap of $12,471.41, a PE ratio of -381.67, a P/E/G ratio of 2.89 and a beta of 1.29. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.14.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.06. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The business had revenue of $777.90 million for the quarter, compared to analyst estimates of $778.49 million. During the same quarter in the prior year, the business earned $1.61 EPS. Citrix Systems’s quarterly revenue was up 5.9% on a year-over-year basis. equities analysts forecast that Citrix Systems, Inc. will post 3.91 earnings per share for the current year.

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

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