Robeco Institutional Asset Management B.V. Sells 60,946 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

Robeco Institutional Asset Management B.V. trimmed its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 20.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,933 shares of the cloud computing company’s stock after selling 60,946 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Citrix Systems were worth $23,445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTXS. Nordea Investment Management AB raised its position in shares of Citrix Systems by 694.1% in the 1st quarter. Nordea Investment Management AB now owns 1,220,537 shares of the cloud computing company’s stock worth $121,638,000 after acquiring an additional 1,066,829 shares in the last quarter. First Trust Advisors LP raised its position in shares of Citrix Systems by 25.9% in the 1st quarter. First Trust Advisors LP now owns 3,073,877 shares of the cloud computing company’s stock worth $306,343,000 after acquiring an additional 632,553 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Citrix Systems by 176.1% in the 1st quarter. Acadian Asset Management LLC now owns 686,262 shares of the cloud computing company’s stock worth $68,395,000 after acquiring an additional 437,687 shares in the last quarter. Janus Henderson Group PLC increased its position in Citrix Systems by 100.6% during the 1st quarter. Janus Henderson Group PLC now owns 862,969 shares of the cloud computing company’s stock valued at $86,003,000 after buying an additional 432,825 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in Citrix Systems by 186.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 645,802 shares of the cloud computing company’s stock valued at $64,363,000 after buying an additional 420,360 shares in the last quarter. 97.69% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CTXS traded down $0.71 during mid-day trading on Friday, hitting $93.54. 2,795,663 shares of the company’s stock traded hands, compared to its average volume of 2,127,220. The stock has a fifty day moving average of $98.59. Citrix Systems, Inc. has a twelve month low of $93.12 and a twelve month high of $114.55. The company has a market cap of $12.41 billion, a P/E ratio of 20.42, a P/E/G ratio of 3.39 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.46.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, July 24th. The cloud computing company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.27. The business had revenue of $748.70 million for the quarter, compared to the consensus estimate of $772.00 million. Citrix Systems had a return on equity of 95.52% and a net margin of 17.60%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. Analysts expect that Citrix Systems, Inc. will post 3.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.40 annualized dividend and a yield of 1.50%. Citrix Systems’s payout ratio is presently 30.57%.

CTXS has been the topic of several recent analyst reports. ValuEngine lowered Citrix Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. BidaskClub lowered Citrix Systems from a “hold” rating to a “sell” rating in a research report on Wednesday. Wedbush reaffirmed a “hold” rating and set a $95.00 target price on shares of Citrix Systems in a research report on Thursday, July 25th. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, Morgan Stanley reduced their target price on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Citrix Systems presently has a consensus rating of “Hold” and an average target price of $110.25.

In other Citrix Systems news, CEO David J. Henshall sold 6,353 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $99.44, for a total transaction of $631,742.32. Following the sale, the chief executive officer now owns 368,156 shares in the company, valued at approximately $36,609,432.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark J. Ferrer sold 1,224 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $95.00, for a total value of $116,280.00. Following the sale, the executive vice president now owns 70,348 shares in the company, valued at approximately $6,683,060. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,944 shares of company stock worth $1,158,477. Company insiders own 0.54% of the company’s stock.

Citrix Systems Company Profile

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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

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