Elliott Management Corp Signs Cooperation Agreement With Citrix Systems, Inc. (CTXS), Cuts Stake in Juniper Networks, Inc. (JNPR)

Citrix Systems, Inc. (NASDAQ:CTXS) announced its second quarter 2015 financial results on Tuesday, with the results sending its shares up 8.10%. The quarterly revenue of the enterprise solution company rose by 2% to $797 million against the prior year period and its net income was up to $103 million in comparison with the second quarter 2014 income of $53 million. Another major announcement coming out of the company was the retirement of its long-term CEO Mark Templeton. Templeton will serve as the CEO of Citrix Systems, Inc. (NASDAQ:CTXS) until the company finds another suitable candidate for the post. The hedge funds that we track at Insider Monkey upped their stakes in Citrix Systems during the first quarter, with aggregate investments rising by about $2.0 million to $785.91 million, although the number of investors dropped by six to 38. Bain Capital’s Brookside Capital was another investor of the technology firm, with 3.67 million shares worth $234.41 million.

Juniper Networks, Inc. (NYSE:JNPR) is a network product manufacturing company with a customer base in more than 100 countries. The networking company announced its second quarter financial results last week, beating the market’s earnings and revenue expectations. The firm reported earnings per share of $0.51 against Wall Streets’ estimate of $0.41 and its reported revenue of $1.2 billion was above the market’s expected $1.1 billion. The shares of Juniper Networks, Inc. (NYSE:JNPR) have grown by 22.94% year-to-date. The networking firm attracted investments from 41 hedge fund managers at the end of the first quarter, with their positions valued at $1.63 billion, down slightly from $1.64 billion in shares held by 37 hedge fund investors at the end of 2014.

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