Chescapmanager LLC Acquires New Stake in Citrix Systems, Inc. (CTXS)

Chescapmanager LLC purchased a new position in Citrix Systems, Inc. (NASDAQ:CTXS) during the first quarter, Holdings Channel reports. The fund purchased 20,000 shares of the cloud computing company’s stock, valued at approximately $1,668,000.

A number of other hedge funds have also modified their holdings of CTXS. Norges Bank purchased a new stake in Citrix Systems during the fourth quarter valued at approximately $152,520,000. MARSHALL WACE ASIA Ltd purchased a new stake in Citrix Systems during the first quarter valued at approximately $89,128,000. Marshall Wace North America L.P. purchased a new stake in Citrix Systems during the first quarter valued at approximately $89,128,000. Schroder Investment Management Group boosted its stake in Citrix Systems by 224.0% in the first quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock valued at $109,459,000 after buying an additional 899,730 shares during the period. Finally, MUFG Securities EMEA plc boosted its stake in Citrix Systems by 375.0% in the first quarter. MUFG Securities EMEA plc now owns 950,000 shares of the cloud computing company’s stock valued at $79,221,000 after buying an additional 750,000 shares during the period. Hedge funds and other institutional investors own 97.75% of the company’s stock.

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

Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.85% during midday trading on Wednesday, reaching $81.03. 64,486 shares of the company were exchanged. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 26.67 and a beta of 1.55. Citrix Systems, Inc. has a 52-week low of $60.65 and a 52-week high of $87.99. The firm’s 50-day moving average price is $83.23 and its 200 day moving average price is $79.22.

Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. The company had revenue of $662.70 million for the quarter, compared to the consensus estimate of $664.16 million. Citrix Systems had a return on equity of 31.02% and a net margin of 14.75%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Equities analysts predict that Citrix Systems, Inc. will post $4.64 earnings per share for the current year.

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Several analysts have recently commented on CTXS shares. Jefferies Group LLC reduced their target price on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a research note on Friday, April 28th. MKM Partners raised their target price on shares of Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Bank of America Corporation cut shares of Citrix Systems from a “buy” rating to a “neutral” rating and set a $91.00 target price for the company. in a research note on Wednesday, March 15th. They noted that the move was a valuation call. Robert W. Baird upgraded shares of Citrix Systems from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $85.00 to $90.00 in a research note on Thursday, April 27th. Finally, Deutsche Bank AG reduced their target price on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $92.80.

In related news, Director Murray J. Demo sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $83.55, for a total value of $83,550.00. Following the transaction, the director now owns 8,606 shares in the company, valued at $719,031.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Timothy A. Minahan sold 1,753 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $83.54, for a total value of $146,445.62. Following the completion of the transaction, the chief marketing officer now owns 64,271 shares in the company, valued at approximately $5,369,199.34. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

About Citrix Systems

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CTXS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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