Crestline Management LP bought a new position in Citrix Systems, Inc. (NASDAQ:CTXS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,000 shares of the cloud computing company’s stock, valued at approximately $1,056,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. NuWave Investment Management LLC acquired a new stake in Citrix Systems during the fourth quarter worth $107,000. Advisory Services Network LLC increased its stake in Citrix Systems by 346.8% during the fourth quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock worth $130,000 after acquiring an additional 1,148 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in Citrix Systems during the fourth quarter worth $172,000. Grove Bank & Trust increased its stake in Citrix Systems by 50.0% during the third quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock worth $177,000 after acquiring an additional 768 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Citrix Systems by 197.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,090 shares of the cloud computing company’s stock worth $184,000 after buying an additional 1,388 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub upgraded Citrix Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Sanford C. Bernstein lifted their target price on Citrix Systems from $95.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley boosted their price target on Citrix Systems from $82.00 to $84.00 and gave the company an “underweight” rating in a research report on Thursday, February 1st. Finally, Bank of America boosted their price target on Citrix Systems from $91.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Citrix Systems has an average rating of “Hold” and a consensus price target of $91.31.
In other news, insider Robert Calderoni sold 62,237 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $95.78, for a total transaction of $5,961,059.86. Following the transaction, the insider now owns 208,112 shares in the company, valued at approximately $19,932,967.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark M. Coyle sold 2,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $88.90, for a total transaction of $222,250.00. Following the transaction, the chief financial officer now owns 36,012 shares in the company, valued at approximately $3,201,466.80. The disclosure for this sale can be found here. Insiders have sold 77,237 shares of company stock valued at $7,341,060 over the last 90 days. 0.44% of the stock is currently owned by insiders.
Shares of Citrix Systems, Inc. (NASDAQ CTXS) opened at $93.32 on Friday. Citrix Systems, Inc. has a 12 month low of $73.33 and a 12 month high of $96.96. The company has a market cap of $12,859.44, a P/E ratio of -388.83, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.14.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.06. The business had revenue of $777.90 million for the quarter, compared to analyst estimates of $778.49 million. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $1.61 earnings per share. equities research analysts forecast that Citrix Systems, Inc. will post 3.91 EPS for the current fiscal year.
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Citrix Systems Company 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.
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