Investment House LLC Continues to Hold Position in Citrix Systems Inc. (CTXS)
Investment House LLC held its stake in shares of Citrix Systems Inc. (NASDAQ:CTXS) during the second quarter, Holdings Channel reports. The firm owned 9,125 shares of the cloud computing company’s stock at the end of the second quarter. Investment House LLC’s holdings in Citrix Systems were worth $731,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in CTXS. Checchi Capital Advisers LLC increased its stake in shares of Citrix Systems by 3.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,304 shares of the cloud computing company’s stock worth $104,000 after buying an additional 49 shares in the last quarter. Insight Capital Research & Management Inc. purchased a new stake in shares of Citrix Systems during the first quarter worth $202,000. Creative Planning increased its stake in shares of Citrix Systems by 17.3% in the second quarter. Creative Planning now owns 2,777 shares of the cloud computing company’s stock worth $222,000 after buying an additional 410 shares in the last quarter. Park National Corp OH increased its stake in shares of Citrix Systems by 8.6% in the second quarter. Park National Corp OH now owns 2,920 shares of the cloud computing company’s stock worth $234,000 after buying an additional 230 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of Citrix Systems during the second quarter worth $263,000. Institutional investors and hedge funds own 96.69% of the company’s stock.
Citrix Systems Inc. (NASDAQ:CTXS) traded up 0.77% on Thursday, reaching $85.16. The company had a trading volume of 1,175,738 shares. Citrix Systems Inc. has a 12-month low of $60.91 and a 12-month high of $90.00. The stock has a market capitalization of $13.26 billion, a P/E ratio of 34.31 and a beta of 1.87. The stock’s 50-day moving average price is $86.05 and its 200-day moving average price is $83.09.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The firm earned $843 million during the quarter, compared to the consensus estimate of $816.56 million. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, equities research analysts anticipate that Citrix Systems Inc. will post $5.06 EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. Barclays PLC increased their price target on shares of Citrix Systems from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, July 27th. Stifel Nicolaus cut Citrix Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. They noted that the move was a valuation call. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, July 27th. Bank of America Corp. reissued a “buy” rating on shares of Citrix Systems in a research note on Thursday, May 26th. Finally, MKM Partners reissued a “buy” rating on shares of Citrix Systems in a research note on Thursday, May 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $86.67.
In other Citrix Systems news, SVP Klaus Oestermann sold 7,242 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $85.90, for a total value of $622,087.80. Following the completion of the transaction, the senior vice president now owns 39,714 shares in the company, valued at approximately $3,411,432.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 18,405 shares of the company’s stock, valued at approximately $1,463,013.45. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.
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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