Old Mutual Global Investors (uk) Ltd. buys $116,469,239 stake in Citrix Systems (CTXS)

Citrix Systems (CTXS) : Old Mutual Global Investors (uk) Ltd. scooped up 285,780 additional shares in Citrix Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 1,337,497 shares of Citrix Systems which is valued at $116,469,239.Citrix Systems makes up approximately 2.08% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

Other Hedge Funds, Including , Ken Stern Associates reduced its stake in CTXS by selling 1,587 shares or 18.25% in the most recent quarter. The Hedge Fund company now holds 7,110 shares of CTXS which is valued at $619,139. Citrix Systems makes up approx 0.46% of Ken Stern Associates’s portfolio.Cibc World Markets reduced its stake in CTXS by selling 1,208 shares or 11.54% in the most recent quarter. The Hedge Fund company now holds 9,258 shares of CTXS which is valued at $806,187.Arcadia Investment Management Corpmi reduced its stake in CTXS by selling 955 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 29,790 shares of CTXS which is valued at $2,524,107. Citrix Systems makes up approx 0.80% of Arcadia Investment Management Corpmi’s portfolio.Creative Planning boosted its stake in CTXS in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 2,777 shares of Citrix Systems which is valued at $233,518.

Citrix Systems opened for trading at $88.99 and hit $89.21 on the upside on Friday, eventually ending the session at $89.13, with a gain of 0.08% or 0.07 points. The heightened volatility saw the trading volume jump to 19,14,266 shares. Company has a market cap of $13,824 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. 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. Company shares were Reiterated by Mizuho on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .

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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