Dynamic Technology Lab Private Ltd Invests $467,000 in Citrix Systems Inc. (CTXS)
Dynamic Technology Lab Private Ltd purchased a new stake in Citrix Systems Inc. (NASDAQ:CTXS) during the second quarter, Holdings Channel reports. The fund purchased 5,828 shares of the cloud computing company’s stock, valued at approximately $467,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Citrix Systems during the fourth quarter valued at about $109,825,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Citrix Systems by 4.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 129,925 shares of the cloud computing company’s stock valued at $10,210,000 after buying an additional 5,654 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Citrix Systems by 11.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,622 shares of the cloud computing company’s stock valued at $2,799,000 after buying an additional 3,668 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in shares of Citrix Systems by 8.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 37,490 shares of the cloud computing company’s stock valued at $2,946,000 after buying an additional 3,012 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Citrix Systems during the first quarter valued at about $291,000. Institutional investors own 97.25% of the company’s stock.
Citrix Systems Inc. (NASDAQ:CTXS) opened at 83.82 on Tuesday. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 33.77 and a beta of 1.87. Citrix Systems Inc. has a one year low of $60.91 and a one year high of $90.00. The stock’s 50 day moving average is $86.10 and its 200 day moving average is $83.00.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The business had revenue of $843 million for the quarter, compared to analysts’ expectations of $816.56 million. During the same period in the previous year, the business earned $1.00 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Citrix Systems Inc. will post $5.06 EPS for the current year.
CTXS has been the subject of several research analyst reports. MKM Partners restated a “buy” rating and issued a $98.00 target price on shares of Citrix Systems in a report on Tuesday, July 12th. Bank of America Corp. restated a “buy” rating on shares of Citrix Systems in a report on Thursday, May 26th. Needham & Company LLC restated a “buy” rating and issued a $96.00 target price on shares of Citrix Systems in a report on Wednesday, May 25th. Zacks Investment Research upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Tuesday, June 21st. Finally, Citigroup Inc. upped their target price on shares of Citrix Systems from $93.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. Citrix Systems presently has an average rating of “Hold” and a consensus price target of $86.67.
In other Citrix Systems news, VP William Burley sold 365 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $84.81, for a total value of $30,955.65. Following the sale, the vice president now directly owns 52,695 shares in the company, valued at $4,469,062.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carlos Sartorius sold 13,290 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $84.51, for a total transaction of $1,123,137.90. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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