Northpointe Capital LLC decreased its position in Citrix Systems Inc. (NASDAQ:CTXS) by 8.6% during the second quarter, Holdings Channel reports. The institutional investor owned 37,300 shares of the cloud computing company’s stock after selling 3,530 shares during the period. Northpointe Capital LLC’s holdings in Citrix Systems were worth $2,987,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CTXS. BlackRock Institutional Trust Company N.A. raised its stake in Citrix Systems by 5.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,303,042 shares of the cloud computing company’s stock worth $338,133,000 after buying an additional 218,499 shares in the last quarter. Bank of Montreal Can purchased a new stake in Citrix Systems during the second quarter worth $213,278,000. Nordea Investment Management AB raised its stake in Citrix Systems by 12.3% in the second quarter. Nordea Investment Management AB now owns 1,915,589 shares of the cloud computing company’s stock worth $153,420,000 after buying an additional 209,368 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in Citrix Systems by 27.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,337,497 shares of the cloud computing company’s stock worth $107,120,000 after buying an additional 285,780 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in Citrix Systems by 2.3% in the first quarter. BlackRock Group LTD now owns 1,279,100 shares of the cloud computing company’s stock worth $100,511,000 after buying an additional 28,210 shares in the last quarter. Institutional investors own 96.69% of the company’s stock.
Shares of Citrix Systems Inc. (NASDAQ:CTXS) traded up 1.01% on Wednesday, hitting $84.96. 714,409 shares of the stock traded hands. The company has a market cap of $13.23 billion, a PE ratio of 34.23 and a beta of 1.94. Citrix Systems Inc. has a one year low of $60.91 and a one year high of $90.00. The stock has a 50 day moving average of $85.79 and a 200 day moving average of $83.71.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.14 by $0.06. The firm earned $843 million during the quarter, compared to analyst estimates of $816.56 million. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. Citrix Systems’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. Equities analysts anticipate that Citrix Systems Inc. will post $5.06 earnings per share for the current year.
CTXS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 target price for the company in a report on Friday, July 29th. 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. Citigroup Inc. increased their target price on shares of Citrix Systems from $93.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Morgan Stanley increased their target price on shares of Citrix Systems from $70.00 to $77.00 and gave the stock an “underweight” rating in a report on Wednesday, July 27th. Finally, Mizuho increased their price target on shares of Citrix Systems from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. Citrix Systems presently has a consensus rating of “Hold” and an average price target of $86.67.
In other Citrix Systems news, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $86.03, for a total transaction of $86,030.00. Following the transaction, the director now owns 14,276 shares in the company, valued at approximately $1,228,164.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jessica Soisson sold 6,140 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $89.01, for a total transaction of $546,521.40. Following the transaction, the vice president now owns 18,790 shares in the company, valued at approximately $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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