Home / Citrix Solutions / Clearbridge Investments Acquired Stake in Citrix Systems Inc

Clearbridge Investments Acquired Stake in Citrix Systems Inc

February 14, 2018 – By Hazel Jackson

Investors sentiment is 0.89 in Q3 2017. Its the same as in 2017Q2. It is the same, as 40 investors sold Citrix Systems, Inc. shares while 171 reduced holdings. only 44 funds opened positions while 144 raised stakes. 130.86 million shares or 0.86% less from 132.01 million shares in 2017Q2 were reported.

Ray Gerald L And Limited accumulated 0.07% or 7,125 shares. Axa holds 0.01% or 32,100 shares in its portfolio. Next Fincl Gru Inc holds 0.01% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS) for 225 shares. Moreover, Pictet Asset Mgmt Limited has 0.02% invested in Citrix Systems, Inc. (NASDAQ:CTXS). Los Angeles Capital Mngmt Equity Research has invested 0.24% of its portfolio in Citrix Systems, Inc. (NASDAQ:CTXS). Clean Yield accumulated 7,689 shares. Moreover, Glg Partners Lp has 0.11% invested in Citrix Systems, Inc. (NASDAQ:CTXS). Mirae Asset Invests Comm Ltd has 0.01% invested in Citrix Systems, Inc. (NASDAQ:CTXS) for 7,572 shares. New Amsterdam Ptnrs Limited Company stated it has 0.08% in Citrix Systems, Inc. (NASDAQ:CTXS). Smithfield Trust holds 500 shares or 0.01% of its portfolio. The Massachusetts-based Wellington Mngmt Grp Limited Liability Partnership has invested 0% in Citrix Systems, Inc. (NASDAQ:CTXS). Bluestein R H And Communications accumulated 3,000 shares. Spectrum Mngmt holds 0% or 3 shares. Hancock Holdg owns 146,773 shares for 0.48% of their portfolio. Nordea Management invested in 279,099 shares or 0.05% of the stock.

Since August 28, 2017, it had 0 insider purchases, and 3 selling transactions for $1.38 million activity. HENSHALL DAVID J sold $1.16M worth of Citrix Systems, Inc. (NASDAQ:CTXS) on Thursday, February 1. On Wednesday, January 3 the insider COYLE MARK M sold $222,250.

The New Clearbridge Investments Holding in Citrix Systems Inc

Clearbridge Investments reported SC 13G/A form with the SEC for Citrix Systems Inc. Access it here: 000114036118007683. As reported by Clearbridge Investments, the filler owns 4.73% or 7,134,125 shares of the Information Technology–company.

Citrix Systems Inc stake is new for [reportingPerson]. Date of activity: December31,2017. This shows Clearbridge Investments’s positive view for Citrix Systems Inc. For a institutional investor managing $103.00 billion in assets and having 178+ experts this is interesting position.

Citrix Systems Inc Institutional Sentiment

Filings show 460 investors own Citrix Systems Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 1891000. 148549982 were owned by these investors. 65 funds opened new Citrix Systems Inc stakes, 165 increased positions. There were 38 that closed positions and 161 reduced them.

9 investors had the stock in their top 10. Some are: Roystone Capital Management Lp, Bain Capital Public Equity Management Llc..

Craig C. Albert Sheffield Asset Management Llc is an investor bullish on Citrix Systems Inc, owning 642353 shares as of Q3 2015 for 6.51% of its portfolio. Holland Capital Management Llc owns 1995130 shares or 3.59% of its portfolio. MA Brookside Capital Management Llc have 6.23% of its portfolio for 3016940 shares. Further, Rothschild Capital Partners Llc reported stake worth 4.07% of its portfolio. The CO Gavekal Capital Llc owns 219502 shares. Citrix Systems Inc is 5.77% of its portfolio.

Business Profile

Citrix Systems, Inc. offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services. The Company’s NetScaler nCore Technology is an architecture that enables execution of multiple packet engines in parallel. The Company’s workspace services include Application Virtualization and virtual desktop infrastructure (VDI), Enterprise Mobility Management and Citrix Workspace Suite. The Company’s NetScaler ADC is a software-defined application delivery controller (ADC) and load balancer. The Company’s Cloud Services include ShareFile and Citrix Cloud. It provides various ways for customers to receive upgrades, support and maintenance for products, which include Software Maintenance, Subscription Advantage, Technical Support Services and Hardware Maintenance.

SEC Form 13G.

Clearbridge Investments website.

The stock increased 2.67% or $2.32 during the last trading session, reaching $89.19. About 906,817 shares traded. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 26.42% since February 14, 2017 and is uptrending. It has outperformed by 9.72% the S&P500.

Citrix Systems, Inc. provides an integrated platform for secure app and data delivery, and network functionality as a cloud service worldwide. The company has market cap of $13.44 billion. The firm offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives clients the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients. It currently has negative earnings. The Company’s workspace services also comprise XenMobile enterprise mobility management solutions; and Citrix Workspace Suite, which provides apps, desktops, branch networking and WAN, enterprise mobility management, and data solutions.

Citrix Systems, Inc. (NASDAQ:CTXS) Ratings Coverage

Among 25 analysts covering Citrix Systems Inc. (NASDAQ:CTXS), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. Citrix Systems Inc. has $106.0 highest and $56 lowest target. $88.71’s average target is -0.54% below currents $89.19 stock price. Citrix Systems Inc. had 84 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained Citrix Systems, Inc. (NASDAQ:CTXS) on Sunday, October 8 with “Hold” rating. The firm earned “Overweight” rating on Thursday, August 3 by Barclays Capital. As per Monday, October 3, the company rating was downgraded by UBS. JMP Securities upgraded the stock to “Mkt Perform” rating in Thursday, January 28 report. As per Wednesday, November 18, the company rating was downgraded by Mizuho. The firm has “Buy” rating given on Thursday, January 4 by Robert W. Baird. On Wednesday, July 29 the stock rating was upgraded by Robert W. Baird to “Outperform”. The firm has “Neutral” rating given on Thursday, April 21 by Goldman Sachs. RBC Capital Markets maintained it with “Hold” rating and $8500 target in Sunday, July 30 report. On Thursday, April 21 the stock rating was maintained by Stifel Nicolaus with “Buy”.

More notable recent Citrix Systems, Inc. (NASDAQ:CTXS) news were published by: Businesswire.com which released: “Citrix Announces Drew Del Matto as New Chief Financial Officer” on February 05, 2018, also Sun-Sentinel.com with their article: “For 5 years, staffer accused of grand theft was ‘off the grid.’ Now she’s back.” published on February 12, 2018, Nasdaq.com published: “Citrix Systems Inc Earnings Advance In Q4” on January 31, 2018. More interesting news about Citrix Systems, Inc. (NASDAQ:CTXS) were released by: Sun-Sentinel.com and their article: “Citrix acquires Portland startup that provides internet navigation” published on February 12, 2018 as well as Bizjournals.com‘s news article titled: “Citrix Systems hires new CFO from Silicon Valley company” with publication date: February 06, 2018.

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