There were 30 notable investor filings today.Citrix Systems Inc (NASDAQ:CTXS) is the largest company of interest.
Fmr Llc has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 16,533,983 shares of Citrix Systems, Inc. (NASDAQ:CTXS). This represents 10.955 percent ownership of the company. Citrix Systems, Inc. has declared a standard industrial code (sic) of 7372 which is the "Prepackaged Software" industry.
When a person or group of persons acquires beneficial ownership of more than 5% of a company’s equity securities, they are required to file a Schedule 13D or 13G with the SEC. If these groups intend to influence management into changing the business strategy, they are considered "activist" investors. There is considerable academic research that suggest activist investors contribute to excess returns in equities in the subsequent twelve months after the event.
Investors that acquire 10% or more of a company's shares, or that gain a board seat, are considered insiders by the SEC and are subject to stricter insider trading filing requirements.
New Activist Investor Filings
Investors that acquire more than 5% of the shares of a company and intend to influence management are considered activist investors and must file a 13D.
New Passive Investor Filings
Investors that acquire more than 5% of the shares of a company but have no intention of influencing management are considered passive investors and must file a 13G.