Today The First Trust Advisors LP Has $121,359,000 Stake in Citrix Systems, Inc. (CTXS)

Today The First Trust Advisors LP Has $121,359,000 Stake in Citrix Systems, Inc. (CTXS)

First Trust Advisors LP raised its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 8.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,424,066 shares of the cloud computing company’s stock after buying an additional 116,729 shares during the period. First Trust Advisors LP’s holdings in Citrix Systems were worth $121,359,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CTXS. Shell Asset Management Co. increased its stake in Citrix Systems by 24.7% in the second quarter. Shell Asset Management Co. now owns 22,539 shares of the cloud computing company’s stock worth $1,805,000 after buying an additional 4,462 shares in the last quarter. Retirement Systems of Alabama increased its stake in Citrix Systems by 1.9% in the second quarter. Retirement Systems of Alabama now owns 79,073 shares of the cloud computing company’s stock worth $6,333,000 after buying an additional 1,457 shares in the last quarter. Aviance Capital Management LLC acquired a new stake in Citrix Systems during the second quarter worth about $323,000. American Century Companies Inc. increased its stake in Citrix Systems by 165.2% in the second quarter. American Century Companies Inc. now owns 154,116 shares of the cloud computing company’s stock worth $12,343,000 after buying an additional 96,012 shares in the last quarter. Finally, Lucus Advisors LLC acquired a new stake in Citrix Systems during the second quarter worth about $341,000. 96.67% of the stock is owned by hedge funds and other institutional investors.

Citrix Systems, Inc. (NASDAQ:CTXS) opened at 95.645 on Wednesday. Citrix Systems, Inc. has a 52 week low of $60.91 and a 52 week high of $95.72. The company’s 50-day moving average is $90.90 and its 200 day moving average is $86.97. The company has a market capitalization of $14.92 billion, a price-to-earnings ratio of 31.978 and a beta of 1.64.

A number of analysts have recently weighed in on CTXS shares. Vetr raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $87.24 price target for the company in a report on Tuesday, October 11th. Mizuho reaffirmed a “neutral” rating and set a $90.00 price target on shares of Citrix Systems in a report on Monday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $96.00 price target on shares of Citrix Systems in a report on Thursday, October 20th. Morgan Stanley upped their price target on shares of Citrix Systems from $77.00 to $84.00 and gave the stock an “underweight” rating in a report on Thursday, October 20th. Finally, Cowen and Company upped their price target on shares of Citrix Systems from $95.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, October 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $91.28.

In other news, CFO David J. Henshall sold 300 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $87.50, for a total value of $26,250.00. Following the completion of the sale, the chief financial officer now directly owns 206,481 shares in the company, valued at approximately $18,067,087.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David J. Henshall sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $85.05, for a total transaction of $2,126,250.00. Following the completion of the sale, the chief financial officer now owns 216,781 shares of the company’s stock, valued at $18,437,224.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,214 shares of company stock valued at $3,353,663. Company insiders own 0.48% of the company’s stock.

About Citrix Systems

Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

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