Parallel Advisors LLC Has $218,000 Position in Citrix Systems, Inc. (NASDAQ:CTXS)

Parallel Advisors LLC increased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 185.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its stake in shares of Citrix Systems by 10.7% in the second quarter. GHP Investment Advisors Inc. now owns 21,819 shares of the cloud computing company’s stock valued at $2,141,000 after buying an additional 2,110 shares during the period. Gyroscope Capital Management Group LLC increased its position in Citrix Systems by 19.3% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,907 shares of the cloud computing company’s stock valued at $390,000 after purchasing an additional 631 shares during the period. First Trust Advisors LP increased its position in Citrix Systems by 29.7% during the 2nd quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock valued at $391,221,000 after purchasing an additional 912,477 shares during the period. Great West Life Assurance Co. Can increased its position in Citrix Systems by 1.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 108,359 shares of the cloud computing company’s stock valued at $10,462,000 after purchasing an additional 1,248 shares during the period. Finally, AGF Investments LLC increased its position in Citrix Systems by 50.6% during the 2nd quarter. AGF Investments LLC now owns 3,180 shares of the cloud computing company’s stock valued at $312,000 after purchasing an additional 1,068 shares during the period.

NASDAQ:CTXS traded up $0.62 on Friday, reaching $110.73. 1,139,400 shares of the stock traded hands, compared to its average volume of 1,987,571. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 1.35. The company’s 50 day moving average is $101.23 and its 200-day moving average is $97.55. Citrix Systems, Inc. has a 1-year low of $90.28 and a 1-year high of $112.27. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 4.30 and a beta of 1.07.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.27. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. The business had revenue of $733.00 million for the quarter, compared to analysts’ expectations of $715.05 million. During the same period last year, the business earned $1.40 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that Citrix Systems, Inc. will post 3.85 EPS for the current fiscal year.

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In other Citrix Systems news, CEO David J. Henshall sold 6,353 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $92.34, for a total transaction of $586,636.02. Following the transaction, the chief executive officer now directly owns 351,335 shares in the company, valued at approximately $32,442,273.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jessica Soisson sold 5,400 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $96.33, for a total value of $520,182.00. Following the transaction, the chief accounting officer now owns 32,797 shares in the company, valued at $3,159,335.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,753 shares of company stock worth $6,165,888. Company insiders own 0.54% of the company’s stock.

CTXS has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of Citrix Systems from an “underperform” rating to a “hold” rating and increased their target price for the company from $80.00 to $105.00 in a research report on Tuesday, October 29th. ValuEngine raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. BidaskClub raised shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 18th. Wedbush reissued a “hold” rating and set a $92.00 target price on shares of Citrix Systems in a research report on Friday, October 25th. Finally, Barclays set a $107.00 target price on shares of Citrix Systems and gave the company a “hold” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Citrix Systems presently has a consensus rating of “Hold” and an average price target of $105.33.

About Citrix Systems

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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