Strs Ohio Cuts Stake in Citrix Systems Inc. (CTXS)
Strs Ohio reduced its position in Citrix Systems Inc. (NASDAQ:CTXS) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,378 shares of the cloud computing company’s stock after selling 233 shares during the period. Strs Ohio’s holdings in Citrix Systems were worth $1,551,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of CTXS. Renaissance Technologies LLC purchased a new stake in Citrix Systems during the first quarter worth about $16,367,000. HBK Investments L P increased its position in shares of Citrix Systems by 32.4% in the first quarter. HBK Investments L P now owns 113,300 shares of the cloud computing company’s stock worth $8,903,000 after buying an additional 27,700 shares during the period. Hancock Holding Co. bought a new position in shares of Citrix Systems during the first quarter worth about $14,006,000. Wellington Management Group LLP increased its position in shares of Citrix Systems by 516.0% in the first quarter. Wellington Management Group LLP now owns 148,678 shares of the cloud computing company’s stock worth $11,684,000 after buying an additional 124,543 shares during the period. Finally, Riverhead Capital Management LLC increased its position in shares of Citrix Systems by 25.3% in the first quarter. Riverhead Capital Management LLC now owns 348,970 shares of the cloud computing company’s stock worth $27,423,000 after buying an additional 70,546 shares during the period. 96.68% of the stock is owned by institutional investors and hedge funds.
Citrix Systems Inc. (NASDAQ:CTXS) traded up 0.47% during mid-day trading on Monday, reaching $84.70. The company had a trading volume of 591,529 shares. Citrix Systems Inc. has a 12 month low of $60.91 and a 12 month high of $90.00. The firm’s 50 day moving average price is $85.63 and its 200-day moving average price is $83.76. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 34.13 and a beta of 1.94.
Citrix Systems (NASDAQ:CTXS) last released its earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.06. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The firm earned $843 million during the quarter, compared to analysts’ expectations of $816.56 million. During the same period in the previous year, the firm posted $1.00 EPS. Citrix Systems’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts anticipate that Citrix Systems Inc. will post $5.06 earnings per share for the current year.
A number of research analysts recently issued reports on CTXS shares. Jefferies Group reiterated a “hold” rating on shares of Citrix Systems in a research note on Tuesday, July 5th. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Tuesday, June 21st. William Blair reiterated a “market perform” rating on shares of Citrix Systems in a research note on Wednesday, July 20th. Deutsche Bank AG increased their price target on Citrix Systems from $80.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. increased their price target on Citrix Systems from $93.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.67.
In other news, SVP Carlos Sartorius sold 13,290 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $84.51, for a total transaction of $1,123,137.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jessica Soisson sold 6,140 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $89.01, for a total value of $546,521.40. Following the transaction, the vice president now directly owns 18,790 shares of the company’s stock, valued at $1,672,497.90. The disclosure for this sale can be found here. Corporate 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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