Citrix Systems, Inc. (CTXS) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. trimmed its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,960 shares of the cloud computing company’s stock after selling 2,060 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Citrix Systems were worth $1,610,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CTXS. FDx Advisors Inc. raised its stake in Citrix Systems by 21.8% in the 3rd quarter. FDx Advisors Inc. now owns 5,566 shares of the cloud computing company’s stock valued at $428,000 after purchasing an additional 998 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Citrix Systems by 25.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 11,387 shares of the cloud computing company’s stock valued at $875,000 after purchasing an additional 2,335 shares during the last quarter. New Amsterdam Partners LLC NY raised its stake in Citrix Systems by 68.2% in the 3rd quarter. New Amsterdam Partners LLC NY now owns 4,879 shares of the cloud computing company’s stock valued at $375,000 after purchasing an additional 1,979 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Citrix Systems by 30.0% in the 3rd quarter. State of Tennessee Treasury Department now owns 53,723 shares of the cloud computing company’s stock valued at $4,128,000 after purchasing an additional 12,382 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Citrix Systems by 35.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 943,697 shares of the cloud computing company’s stock valued at $72,494,000 after purchasing an additional 248,454 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/11/12/citrix-systems-inc-ctxs-shares-sold-by-yhb-investment-advisors-inc.html.

In other news, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $84.32, for a total transaction of $210,800.00. Following the completion of the transaction, the chief financial officer now directly owns 38,512 shares in the company, valued at approximately $3,247,331.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $84.25, for a total value of $1,053,125.00. Following the transaction, the chief executive officer now owns 306,777 shares of the company’s stock, valued at $25,845,962.25. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Several research analysts recently commented on CTXS shares. Goldman Sachs Group, Inc. (The) raised Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Friday, November 3rd. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Robert W. Baird set a $90.00 price objective on Citrix Systems and gave the company a “buy” rating in a research note on Friday, October 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $85.00 price objective on shares of Citrix Systems in a research note on Monday, September 4th. Finally, BidaskClub downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $89.50.

Citrix Systems, Inc. (CTXS) traded up $0.19 during midday trading on Friday, hitting $84.22. The stock had a trading volume of 1,250,200 shares, compared to its average volume of 1,769,557. The stock has a market cap of $12,689.85, a PE ratio of 20.49, a PEG ratio of 4.02 and a beta of 1.39. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.69. Citrix Systems, Inc. has a fifty-two week low of $66.28 and a fifty-two week high of $87.99.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $691.61 million. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 EPS. analysts expect that Citrix Systems, Inc. will post 3.94 EPS 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.

Want to see what other hedge funds are holding CTXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citrix Systems, Inc. (NASDAQ:CTXS).

Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply