Joel Isaacson & Co. LLC held its stake in Citrix Systems, Inc. (NASDAQ:CTXS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the cloud computing company’s stock at the end of the first quarter. Joel Isaacson & Co. LLC’s holdings in Citrix Systems were worth $834,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Citrix Systems during the fourth quarter valued at approximately $152,520,000. Nordea Investment Management AB raised its position in Citrix Systems by 70.2% in the third quarter. Nordea Investment Management AB now owns 3,259,636 shares of the cloud computing company’s stock valued at $277,786,000 after buying an additional 1,344,047 shares in the last quarter. Westpac Banking Corp raised its position in Citrix Systems by 687.1% in the third quarter. Westpac Banking Corp now owns 1,203,424 shares of the cloud computing company’s stock valued at $102,556,000 after buying an additional 1,050,527 shares in the last quarter. MUFG Securities EMEA plc raised its position in Citrix Systems by 375.0% in the first quarter. MUFG Securities EMEA plc now owns 950,000 shares of the cloud computing company’s stock valued at $79,221,000 after buying an additional 750,000 shares in the last quarter. Finally, FMR LLC raised its position in Citrix Systems by 8.9% in the fourth quarter. FMR LLC now owns 5,831,454 shares of the cloud computing company’s stock valued at $520,808,000 after buying an additional 475,699 shares in the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.
Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.83% during trading on Friday, hitting $79.92. The stock had a trading volume of 3,030,714 shares. The stock has a 50 day moving average of $83.26 and a 200 day moving average of $78.89. The firm has a market capitalization of $12.08 billion, a P/E ratio of 26.31 and a beta of 1.55. Citrix Systems, Inc. has a one year low of $60.65 and a one year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 EPS for the quarter, topping the 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 last year, the firm posted $1.18 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts expect that Citrix Systems, Inc. will post $4.64 earnings per share for the current fiscal year.
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Several equities analysts have recently commented on CTXS shares. Jefferies Group LLC lowered their price target on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a research report on Friday, April 28th. 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. Bank of America Corporation lowered shares of Citrix Systems from a “buy” rating to a “neutral” rating and set a $91.00 price target for the company. in a research report on Wednesday, March 15th. They noted that the move was a valuation call. Robert W. Baird upgraded shares of Citrix Systems from a “neutral” rating to an “outperform” rating and increased their target price for the company from $85.00 to $90.00 in a research report on Thursday, April 27th. Finally, Deutsche Bank AG reduced their price objective on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $92.80.
In related news, Director Murray J. Demo sold 1,000 shares of Citrix Systems stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $83.55, for a total transaction of $83,550.00. Following the sale, the director now directly owns 8,606 shares in the company, valued at $719,031.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Timothy A. Minahan sold 1,753 shares of Citrix Systems stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $83.54, for a total value of $146,445.62. Following the completion of the transaction, the chief marketing officer now owns 64,271 shares of the company’s stock, valued at $5,369,199.34. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.
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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