Alps Advisors Inc. cut its stake in shares of Citrix Systems Inc. (NASDAQ:CTXS) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 5,168 shares of the cloud computing company’s stock after selling 377 shares during the period. Alps Advisors Inc.’s holdings in Citrix Systems were worth $414,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. New York State Teachers Retirement System raised its position in shares of Citrix Systems by 0.4% in the second quarter. New York State Teachers Retirement System now owns 295,334 shares of the cloud computing company’s stock valued at $23,653,000 after buying an additional 1,206 shares in the last quarter. Natixis raised its stake in Citrix Systems by 90.5% in the first quarter. Natixis now owns 744,736 shares of the cloud computing company’s stock worth $58,521,000 after buying an additional 353,700 shares during the period. Panagora Asset Management Inc. raised its stake in Citrix Systems by 95.2% in the first quarter. Panagora Asset Management Inc. now owns 852,783 shares of the cloud computing company’s stock worth $67,012,000 after buying an additional 415,902 shares during the period. Bank of Montreal Can acquired a new stake in Citrix Systems during the second quarter worth about $213,278,000. Finally, Boston Advisors LLC raised its stake in Citrix Systems by 45.4% in the second quarter. Boston Advisors LLC now owns 212,903 shares of the cloud computing company’s stock worth $17,051,000 after buying an additional 66,438 shares during the period. 96.69% of the stock is owned by institutional investors and hedge funds.
Shares of Citrix Systems Inc. (NASDAQ:CTXS) traded down 0.72% during trading on Friday, reaching $84.30. 471,806 shares of the company’s stock were exchanged. Citrix Systems Inc. has a 52 week low of $60.91 and a 52 week high of $90.00. The firm has a market capitalization of $13.13 billion, a PE ratio of 33.96 and a beta of 1.94. The company’s 50-day moving average price is $85.63 and its 200 day moving average price is $83.76.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.06. The company had revenue of $843 million for the quarter, compared to analysts’ expectations of $816.56 million. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. Analysts predict that Citrix Systems Inc. will post $5.06 EPS for the current fiscal year.
A number of equities research analysts have issued reports on CTXS shares. Zacks Investment Research upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Tuesday, June 21st. Jefferies Group reiterated a “hold” rating on shares of Citrix Systems in a report on Tuesday, July 5th. MKM Partners reiterated a “buy” rating and set a $98.00 target price on shares of Citrix Systems in a report on Tuesday, July 12th. William Blair reiterated a “market perform” rating on shares of Citrix Systems in a report on Wednesday, July 20th. Finally, Mizuho increased their target price on shares of Citrix Systems from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $86.67.
In other Citrix Systems news, SVP Carlos Sartorius sold 13,290 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $84.51, for a total transaction of $1,123,137.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jessica Soisson sold 6,140 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $89.01, for a total transaction of $546,521.40. Following the sale, the vice president now directly owns 18,790 shares in the company, valued at $1,672,497.90. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
Citrix Systems Company Profile
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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