Korea Investment CORP raised its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,462 shares of the cloud computing company’s stock after acquiring an additional 2,314 shares during the quarter. Korea Investment CORP’s holdings in Citrix Systems were worth $7,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. King Luther Capital Management Corp raised its holdings in Citrix Systems by 7.9% during the 1st quarter. King Luther Capital Management Corp now owns 117,740 shares of the cloud computing company’s stock valued at $10,926,000 after acquiring an additional 8,635 shares during the period. Burney Co. raised its holdings in Citrix Systems by 134.1% during the 1st quarter. Burney Co. now owns 6,364 shares of the cloud computing company’s stock valued at $591,000 after acquiring an additional 3,645 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Citrix Systems by 14,420.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 210,262 shares of the cloud computing company’s stock valued at $19,513,000 after acquiring an additional 208,814 shares during the period. Aperio Group LLC raised its holdings in Citrix Systems by 3.5% during the 1st quarter. Aperio Group LLC now owns 153,607 shares of the cloud computing company’s stock valued at $14,255,000 after acquiring an additional 5,185 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in Citrix Systems during the 1st quarter valued at $7,173,000. 98.77% of the stock is currently owned by institutional investors and hedge funds.

CTXS has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Tuesday, April 3rd. Wells Fargo & Co cut their target price on shares of Citrix Systems from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, April 26th. Stifel Nicolaus upped their target price on shares of Citrix Systems from $86.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Goldman Sachs Group upgraded shares of Citrix Systems from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, May 1st. Finally, Morgan Stanley upped their target price on shares of Citrix Systems from $84.00 to $92.00 and gave the stock an “underweight” rating in a research report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $102.31.

Citrix Systems opened at $106.56 on Friday, according to MarketBeat. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 4.08. Citrix Systems, Inc. has a 12-month low of $73.33 and a 12-month high of $108.42. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.76 and a beta of 1.29.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, April 25th. The cloud computing company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.24. Citrix Systems had a net margin of 3.35% and a return on equity of 49.52%. The business had revenue of $697.19 million during the quarter, compared to analyst estimates of $675.57 million. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. sell-side analysts predict that Citrix Systems, Inc. will post 4.27 earnings per share for the current fiscal year.

In other news, insider Robert Calderoni sold 62,237 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $95.78, for a total transaction of $5,961,059.86. Following the completion of the transaction, the insider now directly owns 208,112 shares of the company’s stock, valued at $19,932,967.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy A. Minahan sold 11,688 shares of the company’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $105.05, for a total transaction of $1,227,824.40. Following the transaction, the senior vice president now directly owns 69,384 shares of the company’s stock, valued at $7,288,789.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,144 shares of company stock valued at $9,726,440. Company insiders own 0.56% of the company’s stock.

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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