Zevin Asset Management LLC decreased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,630 shares of the cloud computing company’s stock after selling 703 shares during the quarter. Zevin Asset Management LLC’s holdings in Citrix Systems were worth $447,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CTXS. First National Bank of Omaha grew its stake in shares of Citrix Systems by 17.7% in the 2nd quarter. First National Bank of Omaha now owns 49,944 shares of the cloud computing company’s stock valued at $4,902,000 after buying an additional 7,520 shares in the last quarter. PFS Investments Inc. grew its stake in shares of Citrix Systems by 207.1% in the 2nd quarter. PFS Investments Inc. now owns 7,078 shares of the cloud computing company’s stock valued at $707,000 after buying an additional 4,773 shares in the last quarter. Gyroscope Capital Management Group LLC grew its stake in shares of Citrix Systems by 19.3% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,907 shares of the cloud computing company’s stock valued at $390,000 after buying an additional 631 shares in the last quarter. Orrstown Financial Services Inc. grew its stake in shares of Citrix Systems by 12.9% in the 2nd quarter. Orrstown Financial Services Inc. now owns 7,281 shares of the cloud computing company’s stock valued at $714,000 after buying an additional 834 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its stake in shares of Citrix Systems by 1.1% in the 2nd quarter. YHB Investment Advisors Inc. now owns 29,979 shares of the cloud computing company’s stock valued at $2,942,000 after buying an additional 325 shares in the last quarter.
CTXS traded up $0.62 on Friday, hitting $110.73. The company had a trading volume of 1,139,400 shares, compared to its average volume of 1,987,571. The company’s fifty day moving average price is $101.23 and its 200 day moving average price is $97.55. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.74 and a quick ratio of 0.73. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 4.30 and a beta of 1.07. Citrix Systems, Inc. has a 1-year low of $90.28 and a 1-year high of $112.27.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. The firm had revenue of $733.00 million for the quarter, compared to analysts’ expectations of $715.05 million. During the same period in the prior year, the business posted $1.40 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. On average, sell-side analysts forecast that Citrix Systems, Inc. will post 3.85 EPS for the current year.
Several equities research analysts recently commented on the company. Morgan Stanley lowered their price target on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group raised Citrix Systems from an “underperform” rating to a “hold” rating and boosted their price target for the company from $80.00 to $105.00 in a research note on Tuesday, October 29th. BidaskClub raised Citrix Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 18th. ValuEngine raised Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Finally, Barclays set a $107.00 price target on Citrix Systems and gave the company a “hold” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Citrix Systems presently has an average rating of “Hold” and an average price target of $105.33.
In other news, EVP Rotterdam Jeroen Van sold 7,956 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $108.12, for a total transaction of $860,202.72. Following the sale, the executive vice president now owns 48,287 shares in the company, valued at $5,220,790.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David J. Henshall sold 6,353 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $92.34, for a total value of $586,636.02. Following the sale, the chief executive officer now owns 351,335 shares in the company, valued at approximately $32,442,273.90. The disclosure for this sale can be found here. Insiders sold 59,753 shares of company stock worth $6,165,888 over the last quarter. Company insiders own 0.54% of the company’s stock.
About Citrix Systems
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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