Atria Investments LLC Acquires Shares of 2,958 Citrix Systems, Inc. (NASDAQ:CTXS)
Atria Investments LLC acquired a new position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,958 shares of the cloud computing company’s stock, valued at approximately $235,000.
Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Citrix Systems by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 451,325 shares of the cloud computing company’s stock worth $40,310,000 after buying an additional 10,354 shares in the last quarter. Dodge & Cox purchased a new stake in Citrix Systems during the fourth quarter worth approximately $717,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in Citrix Systems during the fourth quarter worth approximately $27,024,000. Whalerock Point Partners LLC purchased a new stake in Citrix Systems during the fourth quarter worth approximately $1,078,000. Finally, Kentucky Retirement Systems purchased a new stake in Citrix Systems during the fourth quarter worth approximately $1,011,000. 97.58% of the stock is owned by institutional investors.
Citrix Systems, Inc. (NASDAQ CTXS) opened at 81.21 on Wednesday. The firm has a market cap of $12.27 billion, a P/E ratio of 26.73 and a beta of 1.49. The firm’s 50-day moving average price is $80.82 and its 200 day moving average price is $80.39. Citrix Systems, Inc. has a one year low of $64.18 and a one year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The business had revenue of $662.70 million for the quarter, compared to analyst estimates of $664.16 million. Citrix Systems had a return on equity of 31.02% and a net margin of 14.75%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 EPS. On average, equities research analysts forecast that Citrix Systems, Inc. will post $4.64 EPS for the current year.
A number of analysts have commented on CTXS shares. Zacks Investment Research raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Berenberg Bank started coverage on shares of Citrix Systems in a research report on Tuesday, April 4th. They issued a “buy” rating and a $98.00 price target for the company. Jefferies Group LLC reissued a “sell” rating and issued a $62.00 price target on shares of Citrix Systems in a research report on Friday, April 7th. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research report on Monday, April 24th. Finally, MKM Partners increased 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. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Citrix Systems has a consensus rating of “Hold” and a consensus price target of $92.02.
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.
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).
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 Analyst Ratings Network's FREE daily email newsletter.