Origin Asset Management Llp buys $32,963,912 stake in Citrix Systems (CTXS)

Citrix Systems (CTXS) : Origin Asset Management Llp scooped up 84,300 additional shares in Citrix Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 378,200 shares of Citrix Systems which is valued at $32,963,912.Citrix Systems makes up approximately 2.09% of Origin Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Meiji Yasuda Asset Management Co Ltd. boosted its stake in CTXS in the latest quarter, The investment management firm added 1,180 additional shares and now holds a total of 6,816 shares of Citrix Systems which is valued at $594,083. Citrix Systems makes up approx 0.08% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.National Pension Service boosted its stake in CTXS in the latest quarter, The investment management firm added 6,365 additional shares and now holds a total of 116,932 shares of Citrix Systems which is valued at $10,191,793. Citrix Systems makes up approx 0.09% of National Pension Service’s portfolio.Cleararc Capital Inc reduced its stake in CTXS by selling 9 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 3,763 shares of CTXS which is valued at $327,983. Citrix Systems makes up approx 0.06% of Cleararc Capital Inc’s portfolio. Nine Chapters Capital Management sold out all of its stake in CTXS during the most recent quarter. The investment firm sold 22,400 shares of CTXS which is valued $1,902,880.Diam Ltd. reduced its stake in CTXS by selling 13,211 shares or 46.22% in the most recent quarter. The Hedge Fund company now holds 15,371 shares of CTXS which is valued at $1,303,615. Citrix Systems makes up approx 0.02% of Diam Ltd.’s portfolio.

Citrix Systems opened for trading at $88.22 and hit $88.89 on the upside on Monday, eventually ending the session at $88.54, with a gain of 0.47% or 0.41 points. The heightened volatility saw the trading volume jump to 8,19,287 shares. Company has a market cap of $13,788 M.

On the company’s financial health, Citrix Systems reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.92. The company had revenue of $826.00 million for the quarter, compared to analysts expectations of $787.97 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Citrix Systems. Citrix Systems was Downgraded by Jefferies to ” Underperform” on Aug 1, 2016. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 85 from a previous price target of $80 .Citrix Systems was Downgraded by Stifel to ” Hold” on Jul 27, 2016.

Citrix Systems Inc. provides virtualization mobility management networking and SaaS solutions to businesses. The Company’s solutions offer secure mobile workspaces that provide people with access to apps desktops data and communications on any device over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider division’s Workspace services include mobile platforms desktop and application virtualization citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud documents cloud and workflow cloud. It also offers Professional Services and Technology products which include Citrix HDX FlexCast Citrix personalization technologies NetScaler Software Packet Engine ByteMobile Adaptive Traffic Management System XenMobile and Citrix Internet among others.

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