Pacific Alternative Asset Management Company LLC Invests $1.22 Million in Citrix Systems, Inc. (CTXS)
Pacific Alternative Asset Management Company LLC bought a new position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,290 shares of the cloud computing company’s stock, valued at approximately $1,217,000.
Several other large investors have also recently modified their holdings of CTXS. Fifth Third Bancorp raised its position in shares of Citrix Systems by 10.3% during the first 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 purchased a new stake in Citrix Systems in the 1st quarter valued at $200,000. ZWJ Investment Counsel Inc. purchased a new stake in Citrix Systems in the 1st quarter valued at $225,000. New Amsterdam Partners LLC NY purchased a new stake in Citrix Systems in the 2nd quarter valued at $231,000. Finally, Atria Investments LLC purchased a new stake in Citrix Systems in the 2nd quarter valued at $235,000. 93.62% of the stock is currently owned by institutional investors.
A number of research firms recently commented on CTXS. Royal Bank Of Canada reissued a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a research report on Monday, September 4th. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Jefferies Group LLC reissued a “sell” rating and issued a $61.00 price target on shares of Citrix Systems in a research report on Friday, August 11th. MKM Partners reissued a “buy” rating and issued a $90.00 price target (down from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Finally, Barclays PLC restated an “overweight” rating and issued a $90.00 price objective (up previously from $87.00) 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 assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.25.
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Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.25% during midday trading on Friday, hitting $76.47. The company had a trading volume of 436,647 shares. The stock has a 50 day moving average price of $76.40 and a 200 day moving average price of $80.78. Citrix Systems, Inc. has a 52 week low of $64.79 and a 52 week high of $87.99. The company has a market capitalization of $11.59 billion, a P/E ratio of 25.76 and a beta of 1.48.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $690.83 million. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.
About Citrix Systems
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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