Norinchukin Bank The Sells 17,161 Shares of Citrix Systems, Inc. (CTXS)

Norinchukin Bank The reduced its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 62.8% during the first quarter, Holdings Channel reports. The fund owned 10,160 shares of the cloud computing company’s stock after selling 17,161 shares during the period. Norinchukin Bank The’s holdings in Citrix Systems were worth $847,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. raised its position in Citrix Systems by 1.7% in the first quarter. Capstone Asset Management Co. now owns 44,399 shares of the cloud computing company’s stock worth $3,702,000 after buying an additional 726 shares during the last quarter. National Pension Service raised its position in Citrix Systems by 8.3% in the first quarter. National Pension Service now owns 148,208 shares of the cloud computing company’s stock worth $12,466,000 after buying an additional 11,333 shares during the last quarter. Baltimore Washington Financial Advisors Inc. acquired a new position in Citrix Systems during the fourth quarter worth approximately $27,024,000. Canada Pension Plan Investment Board raised its position in Citrix Systems by 545.3% in the first quarter. Canada Pension Plan Investment Board now owns 284,371 shares of the cloud computing company’s stock worth $23,714,000 after buying an additional 240,300 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Citrix Systems by 150.0% in the third quarter. Toronto Dominion Bank now owns 379,847 shares of the cloud computing company’s stock worth $32,371,000 after buying an additional 227,901 shares during the last quarter. Institutional investors and hedge funds own 95.94% of the company’s stock.

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

Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.24% during midday trading on Friday, hitting $82.79. The stock had a trading volume of 1,420,425 shares. Citrix Systems, Inc. has a 1-year low of $60.65 and a 1-year high of $87.99. The company’s 50 day moving average is $84.07 and its 200 day moving average is $76.95. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 27.25 and a beta of 1.63.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.10. Citrix Systems had a net margin of 15.68% and a return on equity of 31.96%. The company had revenue of $662.70 million for the quarter, compared to analysts’ expectations of $664.16 million. During the same period last year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts anticipate that Citrix Systems, Inc. will post $4.64 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on CTXS shares. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 31st. Mizuho lifted their price objective on Citrix Systems from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Jefferies Group LLC reiterated a “sell” rating and issued a $62.00 price objective on shares of Citrix Systems in a research note on Friday, April 7th. Deutsche Bank AG dropped their price objective on Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Finally, BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research note on Tuesday, January 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $92.80.

In other news, Director Murray J. Demo sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $79.47, for a total transaction of $79,470.00. Following the transaction, the director now directly owns 9,606 shares of the company’s stock, valued at $763,388.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Timothy A. Minahan sold 14,886 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $82.00, for a total transaction of $1,220,652.00. Following the transaction, the chief marketing officer now directly owns 64,566 shares in the company, valued at $5,294,412. The disclosure for this sale can be found here. Insiders have sold 18,639 shares of company stock worth $1,530,118 over the last ninety days. Insiders own 0.48% 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.

5 Day Chart for NASDAQ:CTXS

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