State Treasurer State of Michigan Sells 1,700 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)
State Treasurer State of Michigan lowered its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,674 shares of the cloud computing company’s stock after selling 1,700 shares during the period. State Treasurer State of Michigan’s holdings in Citrix Systems were worth $3,953,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in CTXS. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of Citrix Systems during the fourth quarter valued at about $27,024,000. Whalerock Point Partners LLC acquired a new stake in shares of Citrix Systems during the fourth quarter valued at about $1,078,000. Kentucky Retirement Systems acquired a new stake in shares of Citrix Systems during the fourth quarter valued at about $1,011,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Citrix Systems during the fourth quarter valued at about $451,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of Citrix Systems by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 134,785 shares of the cloud computing company’s stock valued at $11,239,000 after buying an additional 4,458 shares during the period. Institutional investors own 97.63% of the company’s stock.
Citrix Systems, Inc. (NASDAQ:CTXS) opened at 81.79 on Wednesday. The firm has a 50 day moving average of $80.76 and a 200-day moving average of $80.63. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 26.92 and a beta of 1.49. Citrix Systems, Inc. has a 52-week low of $64.11 and a 52-week high of $87.99.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.10. Citrix Systems had a return on equity of 31.02% and a net margin of 14.75%. The business had revenue of $662.70 million during the quarter, compared to analysts’ expectations of $664.16 million. During the same quarter in the prior year, the business earned $1.18 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts expect that Citrix Systems, Inc. will post $4.64 EPS for the current year.
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Several analysts recently issued reports on CTXS shares. Zacks Investment Research upgraded shares of Citrix Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Berenberg Bank started coverage on shares of Citrix Systems in a research report on Tuesday, April 4th. They issued a “buy” rating and a $98.00 price target for the company. Jefferies Group LLC reiterated a “sell” rating and issued a $62.00 price target on shares of Citrix Systems in a research report on Friday, April 7th. BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research report on Monday, April 24th. Finally, MKM Partners upped their price target on shares of Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $92.02.
Citrix Systems Company Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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