Magnetar Financial LLC acquired a new position in Citrix Systems, Inc. (NASDAQ:CTXS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,838 shares of the cloud computing company’s stock, valued at approximately $1,678,000.
Several other institutional investors have also bought and sold shares of the company. First Trust Advisors LP boosted its position in shares of Citrix Systems by 10.4% in the 2nd quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock worth $196,965,000 after purchasing an additional 233,370 shares in the last quarter. Farallon Capital Management LLC raised its stake in Citrix Systems by 8.2% in the 2nd quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock worth $127,859,000 after acquiring an additional 121,549 shares during the last quarter. BT Investment Management Ltd raised its stake in Citrix Systems by 11.7% in the 3rd 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 last quarter. Schroder Investment Management Group raised its stake in Citrix Systems by 0.9% in the 3rd 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 last quarter. Finally, Numeric Investors LLC raised its stake in Citrix Systems by 61.4% in the 2nd quarter. Numeric Investors LLC now owns 1,156,334 shares of the cloud computing company’s stock worth $92,021,000 after acquiring an additional 439,821 shares during the last quarter. 94.42% of the stock is owned by hedge funds and other institutional investors.
CTXS has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their target price on Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. Jefferies Group restated a “sell” rating and issued a $61.00 target price on shares of Citrix Systems in a research note on Friday, August 11th. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Robert W. Baird set a $90.00 price objective on Citrix Systems and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Wells Fargo & Company upgraded Citrix Systems from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $82.50 to $95.00 in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $89.50.
Citrix Systems, Inc. (NASDAQ:CTXS) opened at $87.17 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. Citrix Systems, Inc. has a 52 week low of $70.24 and a 52 week high of $88.96. The firm has a market capitalization of $13,170.00, a PE ratio of 21.22, a P/E/G ratio of 4.17 and a beta of 1.41.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.18. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The company had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $691.61 million. During the same period in the previous year, the firm posted $1.32 EPS. Citrix Systems’s revenue was up 3.3% compared to the same quarter last year. research analysts forecast that Citrix Systems, Inc. will post 3.93 earnings per share for the current year.
Citrix Systems declared that its Board of Directors has authorized a stock buyback program on Monday, November 13th that authorizes the company to buyback $1.70 billion in outstanding shares. This buyback authorization authorizes the cloud computing company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
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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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