Schwab Charles Investment Management Inc. Acquires 8,833 Shares of Citrix Systems, Inc. (CTXS)

Schwab Charles Investment Management Inc. grew its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 529,206 shares of the cloud computing company’s stock after purchasing an additional 8,833 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Citrix Systems were worth $46,571,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CTXS. Dimensional Fund Advisors LP raised its holdings in shares of Citrix Systems by 14.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock valued at $43,360,000 after purchasing an additional 68,506 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Citrix Systems by 653.7% in the 2nd quarter. Janus Henderson Group PLC now owns 165,749 shares of the cloud computing company’s stock valued at $13,190,000 after purchasing an additional 143,758 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Citrix Systems by 121.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,974 shares of the cloud computing company’s stock valued at $714,000 after purchasing an additional 4,922 shares in the last quarter. Caxton Associates LP raised its holdings in shares of Citrix Systems by 9.2% in the 2nd quarter. Caxton Associates LP now owns 7,100 shares of the cloud computing company’s stock valued at $565,000 after purchasing an additional 600 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Citrix Systems by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,305 shares of the cloud computing company’s stock valued at $422,000 after purchasing an additional 322 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

CTXS has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 26th. BidaskClub lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd. Barclays lowered shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price target for the company. in a report on Monday, January 8th. KeyCorp restated a “hold” rating on shares of Citrix Systems in a report on Friday, November 10th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Citrix Systems in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Citrix Systems currently has an average rating of “Hold” and a consensus price target of $91.31.

In other Citrix Systems news, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total transaction of $222,250.00. Following the sale, the chief financial officer now owns 36,012 shares of the company’s stock, valued at approximately $3,201,466.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $92.62, for a total transaction of $1,157,750.00. Following the sale, the chief executive officer now directly owns 281,777 shares in the company, valued at approximately $26,098,185.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,030 shares of company stock worth $8,341,942. 0.44% of the stock is owned by insiders.

Citrix Systems, Inc. (NASDAQ:CTXS) opened at $87.60 on Thursday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55. Citrix Systems, Inc. has a 12-month low of $73.33 and a 12-month high of $95.00. The stock has a market cap of $13,428.19, a P/E ratio of 21.48, a PEG ratio of 2.83 and a beta of 1.34.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. The firm had revenue of $777.90 million for the quarter, compared to the consensus estimate of $778.49 million. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. research analysts forecast that Citrix Systems, Inc. will post 3.88 earnings per share for the current year.

Citrix Systems announced that its board has authorized a stock repurchase 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 buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are 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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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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