Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Citrix Systems, Inc. (NASDAQ:CTXS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,478 shares of the cloud computing company’s stock, valued at approximately $1,413,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Optimum Investment Advisors acquired a new position in shares of Citrix Systems in the first quarter valued at $136,000. Piedmont Investment Advisors LLC acquired a new position in shares of Citrix Systems in the second quarter valued at $153,000. Grove Bank & Trust acquired a new position in shares of Citrix Systems in the second quarter valued at $200,000. Financial & Investment Management Group Ltd. acquired a new position in shares of Citrix Systems in the second quarter valued at $210,000. Finally, IFG Advisory LLC acquired a new position in shares of Citrix Systems in the second quarter valued at $217,000. Institutional investors and hedge funds own 96.47% of the company’s stock.

In other news, Chairman Robert Calderoni sold 2,128 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $106.82, for a total value of $227,312.96. Following the completion of the sale, the chairman now directly owns 156,417 shares in the company, valued at $16,708,463.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David J. Henshall sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $107.23, for a total value of $1,072,300.00. Following the completion of the sale, the chief executive officer now owns 333,733 shares of the company’s stock, valued at $35,786,189.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,384 shares of company stock valued at $2,818,361. 0.56% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on CTXS. Stifel Nicolaus increased their price objective on Citrix Systems from $105.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Morgan Stanley increased their price objective on Citrix Systems from $92.00 to $101.00 and gave the stock an “underweight” rating in a research note on Thursday, July 26th. Cowen reiterated a “hold” rating and set a $120.00 price objective on shares of Citrix Systems in a research note on Thursday, July 26th. Robert W. Baird reiterated a “hold” rating and set a $120.00 price objective on shares of Citrix Systems in a research note on Thursday, July 26th. Finally, BidaskClub lowered Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.21.

Shares of NASDAQ:CTXS opened at $110.86 on Monday. Citrix Systems, Inc. has a twelve month low of $74.13 and a twelve month high of $116.82. The firm has a market capitalization of $15.12 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.91 and a beta of 1.15. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, July 25th. The cloud computing company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.08. Citrix Systems had a return on equity of 64.77% and a net margin of 3.23%. The company had revenue of $742.36 million during the quarter, compared to analyst estimates of $716.33 million. During the same period last year, the company posted $103.00 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts anticipate that Citrix Systems, Inc. will post 4.2 earnings per share for the current year.

Citrix Systems Profile

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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

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