Citrix Systems Inc. (CTXS) Stake Decreased by Ameriprise Financial Inc.
Ameriprise Financial Inc. decreased its stake in Citrix Systems Inc. (NASDAQ:CTXS) by 54.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 222,431 shares of the cloud computing company’s stock after selling 268,955 shares during the period. Ameriprise Financial Inc. owned approximately 0.14% of Citrix Systems worth $17,813,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Natixis raised its position in shares of Citrix Systems by 90.5% in the first quarter. Natixis now owns 744,736 shares of the cloud computing company’s stock valued at $58,521,000 after buying an additional 353,700 shares in the last quarter. 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. Panagora Asset Management Inc. raised its position in shares of 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 valued at $67,012,000 after buying an additional 415,902 shares in the last quarter. Bank of Montreal Can acquired a new position in Citrix Systems during the second quarter worth $213,278,000. Finally, Renaissance Technologies LLC acquired a new position in Citrix Systems during the first quarter worth $16,367,000. Institutional investors own 96.69% of the company’s stock.
Shares of Citrix Systems Inc. (NASDAQ:CTXS) traded up 1.47% during midday trading on Wednesday, hitting $84.41. 723,137 shares of the stock were exchanged. Citrix Systems Inc. has a 52-week low of $60.91 and a 52-week high of $90.00. The firm’s 50-day moving average is $86.01 and its 200 day moving average is $83.07. The firm has a market cap of $13.14 billion, a PE ratio of 34.01 and a beta of 1.87.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.06. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The firm earned $843 million during the quarter, compared to analyst estimates of $816.56 million. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts forecast that Citrix Systems Inc. will post $5.06 earnings per share for the current year.
CTXS has been the topic of a number of recent research reports. Jefferies Group lowered shares of Citrix Systems from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $80.00 to $71.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Citigroup Inc. raised their price objective on shares of Citrix Systems from $93.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research raised shares of Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, July 29th. Mizuho raised their price objective on shares of Citrix Systems from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 21st. Finally, Deutsche Bank AG raised their price objective on shares of Citrix Systems from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th. Two equities research 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 currently has a consensus rating of “Hold” and an average target price of $86.67.
In related news, Director Murray J. Demo sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $79.49, for a total value of $79,490.00. Following the completion of the sale, the director now directly owns 18,405 shares of the company’s stock, valued at approximately $1,463,013.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William Burley sold 365 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $84.81, for a total transaction of $30,955.65. Following the completion of the sale, the vice president now directly owns 52,695 shares of the company’s stock, valued at $4,469,062.95. The disclosure for this sale can be found here. 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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