Grantham Mayo Van Otterloo & Co. LLC Decreases Stake in Citrix Systems, Inc. (NASDAQ:CTXS)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) by 16.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,797 shares of the cloud computing company’s stock after selling 46,113 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.18% of Citrix Systems worth $22,329,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CTXS. Signaturefd LLC grew its position in shares of Citrix Systems by 39.2% in the 1st quarter. Signaturefd LLC now owns 962 shares of the cloud computing company’s stock worth $97,000 after buying an additional 271 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Citrix Systems by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 16,648 shares of the cloud computing company’s stock worth $1,680,000 after buying an additional 179 shares during the last quarter. National Asset Management Inc. grew its position in shares of Citrix Systems by 3.2% in the 1st quarter. National Asset Management Inc. now owns 3,284 shares of the cloud computing company’s stock worth $332,000 after buying an additional 102 shares during the last quarter. Arizona State Retirement System grew its position in shares of Citrix Systems by 2.6% in the 1st quarter. Arizona State Retirement System now owns 34,718 shares of the cloud computing company’s stock worth $3,503,000 after buying an additional 894 shares during the last quarter. Finally, abrdn plc grew its position in shares of Citrix Systems by 46.9% in the 1st quarter. abrdn plc now owns 73,760 shares of the cloud computing company’s stock worth $7,468,000 after buying an additional 23,561 shares during the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Citrix Systems Stock Performance

NASDAQ CTXS opened at $103.90 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 3.92. Citrix Systems, Inc. has a twelve month low of $78.07 and a twelve month high of $108.84. The firm has a market capitalization of $13.18 billion, a PE ratio of 40.12 and a beta of 0.08. The stock’s 50 day moving average is $103.87 and its 200 day moving average is $101.66.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Citrix Systems in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Citrix Systems has an average rating of “Hold” and a consensus price target of $86.00.

Citrix Systems Profile

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Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.

Further Reading

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

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