Assenagon Asset Management S.A. Raises Holdings in Citrix Systems, Inc. (NASDAQ:CTXS)

Assenagon Asset Management S.A. raised its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,200 shares of the cloud computing company’s stock after purchasing an additional 500 shares during the period. Assenagon Asset Management S.A.’s holdings in Citrix Systems were worth $695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CTXS. Holocene Advisors LP boosted its stake in Citrix Systems by 828.4% during the 2nd quarter. Holocene Advisors LP now owns 1,655,346 shares of the cloud computing company’s stock valued at $162,456,000 after purchasing an additional 1,477,046 shares during the last quarter. First Trust Advisors LP boosted its stake in Citrix Systems by 29.7% during the 2nd quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock valued at $391,221,000 after purchasing an additional 912,477 shares during the last quarter. BlackRock Inc. boosted its stake in Citrix Systems by 7.9% during the 2nd quarter. BlackRock Inc. now owns 10,356,603 shares of the cloud computing company’s stock valued at $1,016,398,000 after purchasing an additional 754,570 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Citrix Systems by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,505,680 shares of the cloud computing company’s stock valued at $1,423,588,000 after buying an additional 636,123 shares during the period. Finally, Capital Fund Management S.A. lifted its holdings in shares of Citrix Systems by 287.3% during the 2nd quarter. Capital Fund Management S.A. now owns 608,372 shares of the cloud computing company’s stock valued at $59,706,000 after buying an additional 451,275 shares during the period.

In related news, CEO David J. Henshall sold 6,353 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $96.95, for a total value of $615,923.35. Following the transaction, the chief executive officer now directly owns 345,511 shares of the company’s stock, valued at approximately $33,497,291.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter John Sacripanti sold 5,726 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $91.40, for a total value of $523,356.40. Following the completion of the transaction, the director now directly owns 14,249 shares in the company, valued at $1,302,358.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,473 shares of company stock worth $3,238,732. 0.54% of the stock is owned by insiders.

Several research firms have recently weighed in on CTXS. ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley lowered their price target on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a report on Thursday, July 25th. Wedbush reissued a “hold” rating and set a $95.00 price target on shares of Citrix Systems in a report on Thursday, July 25th. BidaskClub raised Citrix Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group lowered their price target on Citrix Systems from $85.00 to $80.00 and set an “underperform” rating on the stock in a report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $106.00.

NASDAQ CTXS opened at $104.10 on Wednesday. The business’s fifty day moving average price is $96.83 and its 200-day moving average price is $96.97. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 3.68 and a beta of 1.02. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.76 and a quick ratio of 0.74. Citrix Systems, Inc. has a 1-year low of $90.28 and a 1-year high of $112.27.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.27. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. The firm had revenue of $748.70 million for the quarter, compared to analysts’ expectations of $772.00 million. During the same period in the prior year, the firm earned $1.28 EPS. The company’s revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Citrix Systems, Inc. will post 3.8 EPS for the current year.

Citrix Systems Company Profile

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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

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