FNY Partners Fund LP Has $159,000 Stake in Citrix Systems, Inc. (CTXS)
FNY Partners Fund LP decreased its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 88.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the cloud computing company’s stock after selling 14,760 shares during the quarter. FNY Partners Fund LP’s holdings in Citrix Systems were worth $159,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of CTXS. Fifth Third Bancorp grew its stake in shares of Citrix Systems by 10.3% during the 1st quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock worth $152,000 after purchasing an additional 171 shares during the period. Greenwood Capital Associates LLC acquired a new stake in shares of Citrix Systems during the 1st quarter worth approximately $200,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of Citrix Systems during the 1st quarter worth approximately $225,000. New Amsterdam Partners LLC NY acquired a new stake in shares of Citrix Systems during the 2nd quarter worth approximately $231,000. Finally, Atria Investments LLC acquired a new stake in shares of Citrix Systems during the 2nd quarter worth approximately $235,000. 93.63% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities research analysts have recently commented on CTXS shares. BidaskClub cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a research note on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a research note on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $90.00 price objective (up previously from $87.00) on shares of Citrix Systems in a research note on Thursday, August 3rd. Finally, MKM Partners reaffirmed a “buy” rating and set a $90.00 price objective (down previously from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $89.25.
Shares of Citrix Systems, Inc. (NASDAQ CTXS) traded down 0.260% on Wednesday, reaching $76.301. The company’s stock had a trading volume of 38,606 shares. Citrix Systems, Inc. has a 1-year low of $64.18 and a 1-year high of $87.99. The company has a 50 day moving average of $77.08 and a 200 day moving average of $80.93. The stock has a market capitalization of $11.56 billion, a P/E ratio of 25.708 and a beta of 1.48.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. Equities research analysts expect that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.
Citrix Systems 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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