Citrix Systems, Inc. (NASDAQ:CTXS) Shares Sold by Zevin Asset Management LLC

Zevin Asset Management LLC reduced its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,630 shares of the cloud computing company’s stock after selling 703 shares during the period. Zevin Asset Management LLC’s holdings in Citrix Systems were worth $447,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in shares of Citrix Systems by 10.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 21,819 shares of the cloud computing company’s stock worth $2,141,000 after purchasing an additional 2,110 shares during the last quarter. Gyroscope Capital Management Group LLC boosted its stake in shares of Citrix Systems by 19.3% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,907 shares of the cloud computing company’s stock worth $390,000 after purchasing an additional 631 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Citrix Systems by 29.7% during the 2nd quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock worth $391,221,000 after purchasing an additional 912,477 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Citrix Systems by 1.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 108,359 shares of the cloud computing company’s stock worth $10,462,000 after purchasing an additional 1,248 shares during the last quarter. Finally, AGF Investments LLC boosted its stake in shares of Citrix Systems by 50.6% during the 2nd quarter. AGF Investments LLC now owns 3,180 shares of the cloud computing company’s stock worth $312,000 after purchasing an additional 1,068 shares during the last quarter.

In other news, Director Peter John Sacripanti sold 5,726 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $91.40, for a total transaction of $523,356.40. Following the completion of the transaction, the director now owns 14,249 shares of the company’s stock, valued at $1,302,358.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David J. Henshall sold 6,353 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $92.34, for a total transaction of $586,636.02. Following the transaction, the chief executive officer now directly owns 351,335 shares of the company’s stock, valued at approximately $32,442,273.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,753 shares of company stock valued at $6,165,888. Corporate insiders own 0.54% of the company’s stock.

Shares of CTXS stock traded up $0.62 during trading hours on Friday, hitting $110.73. 1,139,400 shares of the company were exchanged, compared to its average volume of 1,987,571. Citrix Systems, Inc. has a 1 year low of $90.28 and a 1 year high of $112.27. The firm has a market cap of $14.17 billion, a PE ratio of 24.18, a PEG ratio of 4.30 and a beta of 1.07. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average of $101.23 and a 200 day moving average of $97.55.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.27. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. The company had revenue of $733.00 million during the quarter, compared to the consensus estimate of $715.05 million. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts expect that Citrix Systems, Inc. will post 3.85 earnings per share for the current year.

Several research firms have issued reports on CTXS. Jefferies Financial Group raised shares of Citrix Systems from an “underperform” rating to a “hold” rating and raised their price target for the stock from $80.00 to $105.00 in a research note on Tuesday, October 29th. BidaskClub raised shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 18th. Wedbush reaffirmed a “hold” rating and set a $92.00 price target on shares of Citrix Systems in a research note on Friday, October 25th. Barclays set a $107.00 price target on shares of Citrix Systems and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Morgan Stanley cut their price objective on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $105.33.

Citrix Systems Profile

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.

Featured Story: What does it mean to hold a stock in street name?

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