Parallel Advisors LLC Purchases 1,467 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

Parallel Advisors LLC increased its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 185.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,256 shares of the cloud computing company’s stock after acquiring an additional 1,467 shares during the quarter. Parallel Advisors LLC’s holdings in Citrix Systems were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Citrix Systems by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,505,680 shares of the cloud computing company’s stock worth $1,423,588,000 after acquiring an additional 636,123 shares during the last quarter. BlackRock Inc. lifted its stake in Citrix Systems by 7.9% in the second quarter. BlackRock Inc. now owns 10,356,603 shares of the cloud computing company’s stock valued at $1,016,398,000 after buying an additional 754,570 shares in the last quarter. First Trust Advisors LP lifted its stake in Citrix Systems by 29.7% in the second quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock valued at $391,221,000 after buying an additional 912,477 shares in the last quarter. Man Group plc lifted its stake in Citrix Systems by 18.7% in the second quarter. Man Group plc now owns 2,583,145 shares of the cloud computing company’s stock valued at $253,509,000 after buying an additional 406,449 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Citrix Systems by 1.4% in the second quarter. Northern Trust Corp now owns 2,335,180 shares of the cloud computing company’s stock valued at $229,176,000 after buying an additional 32,116 shares in the last quarter.

A number of research analysts have weighed in on CTXS shares. Wedbush reaffirmed a “hold” rating and issued a $92.00 price target on shares of Citrix Systems in a research note on Friday, October 25th. ValuEngine raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Jefferies Financial Group raised shares of Citrix Systems from an “underperform” rating to a “hold” rating and lifted their price target for the company from $80.00 to $105.00 in a research note on Tuesday, October 29th. Morgan Stanley cut their price target on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research note on Thursday, July 25th. Finally, BidaskClub raised shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Citrix Systems currently has an average rating of “Hold” and a consensus price target of $105.33.

In other news, Director Peter John Sacripanti sold 5,726 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $91.40, for a total value of $523,356.40. Following the completion of the sale, the director now owns 14,249 shares of the company’s stock, valued at $1,302,358.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rotterdam Jeroen Van sold 7,956 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $108.12, for a total transaction of $860,202.72. Following the completion of the sale, the executive vice president now directly owns 48,287 shares of the company’s stock, valued at approximately $5,220,790.44. The disclosure for this sale can be found here. In the last three months, insiders sold 59,753 shares of company stock valued at $6,165,888. 0.54% of the stock is currently owned by company insiders.

CTXS traded up $0.62 during trading on Friday, reaching $110.73. The company had a trading volume of 1,139,400 shares, compared to its average volume of 1,987,571. The business’s fifty day moving average price is $101.23 and its 200 day moving average price is $97.55. The company has a market cap of $14.17 billion, a P/E ratio of 24.18, a PEG ratio of 4.30 and a beta of 1.07. Citrix Systems, Inc. has a 12 month low of $90.28 and a 12 month high of $112.27. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.74 and a quick ratio of 0.73.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.27. The company had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $715.05 million. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. Citrix Systems’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 earnings per share. As a group, sell-side analysts predict that Citrix Systems, Inc. will post 3.85 EPS for the current fiscal year.

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.

Further Reading: Quantitative Easing

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

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