ING Groep NV Invests $3.41 Million in Citrix Systems, Inc. (NASDAQ:CTXS)

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ING Groep NV acquired a new position in Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 32,487 shares of the cloud computing company’s stock, valued at approximately $3,406,000.

Several other institutional investors and hedge funds have also bought and sold shares of CTXS. First Trust Advisors LP lifted its holdings in Citrix Systems by 3.3% during the second quarter. First Trust Advisors LP now owns 2,811,923 shares of the cloud computing company’s stock valued at $294,802,000 after purchasing an additional 90,456 shares in the last quarter. Farallon Capital Management LLC increased its position in Citrix Systems by 4.2% in the first quarter. Farallon Capital Management LLC now owns 2,314,254 shares of the cloud computing company’s stock worth $214,763,000 after purchasing an additional 93,871 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Citrix Systems by 81.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 927,034 shares of the cloud computing company’s stock worth $97,191,000 after purchasing an additional 416,446 shares during the last quarter. Toronto Dominion Bank increased its position in Citrix Systems by 5.9% in the first quarter. Toronto Dominion Bank now owns 754,182 shares of the cloud computing company’s stock worth $69,972,000 after purchasing an additional 42,029 shares during the last quarter. Finally, KBC Group NV increased its position in Citrix Systems by 27.8% in the second quarter. KBC Group NV now owns 690,169 shares of the cloud computing company’s stock worth $72,357,000 after purchasing an additional 150,023 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

In related news, VP Jessica Soisson sold 1,136 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $113.78, for a total value of $129,254.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Calderoni sold 2,128 shares of the stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $106.27, for a total value of $226,142.56. Following the completion of the transaction, the insider now directly owns 152,908 shares of the company’s stock, valued at $16,249,533.16. The disclosure for this sale can be found here. Insiders have sold a total of 17,520 shares of company stock worth $1,903,262 in the last quarter. Insiders own 0.56% of the company’s stock.

NASDAQ:CTXS traded up $0.23 during midday trading on Friday, hitting $112.32. The company’s stock had a trading volume of 1,170,589 shares, compared to its average volume of 1,177,592. Citrix Systems, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $116.82. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The company has a market cap of $15.21 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.92 and a beta of 1.16.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, July 25th. The cloud computing company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $742.36 million for the quarter, compared to analyst estimates of $716.33 million. During the same quarter in the prior year, the firm posted $103.00 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts predict that Citrix Systems, Inc. will post 4.2 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on CTXS shares. Stifel Nicolaus boosted their target price on shares of Citrix Systems from $105.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Citrix Systems in a research note on Thursday, July 26th. BidaskClub raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Cowen reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Citrix Systems in a research note on Thursday, July 26th. Finally, Zacks Investment Research downgraded shares of Citrix Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $114.21.

About Citrix Systems

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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