Citrix Systems, Inc. (NASDAQ:CTXS) Position Maintained by First Mercantile Trust Co.
First Mercantile Trust Co. held its stake in Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, Holdings Channel reports. The institutional investor owned 7,400 shares of the cloud computing company’s stock at the end of the second quarter. First Mercantile Trust Co.’s holdings in Citrix Systems were worth $589,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its stake in Citrix Systems by 75.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,562 shares of the cloud computing company’s stock worth $127,000 after buying an additional 672 shares in the last quarter. Fifth Third Bancorp raised its stake in Citrix Systems by 10.3% in the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock worth $152,000 after buying an additional 171 shares in the last quarter. Greenwood Capital Associates LLC acquired a new stake in Citrix Systems during the first quarter worth $200,000. ZWJ Investment Counsel Inc. acquired a new stake in Citrix Systems during the first quarter worth $225,000. Finally, Atria Investments LLC acquired a new stake in Citrix Systems during the second quarter worth $235,000. Institutional investors own 95.80% of the company’s stock.
Shares of Citrix Systems, Inc. (CTXS) opened at 75.84 on Tuesday. Citrix Systems, Inc. has a 52 week low of $64.11 and a 52 week high of $87.99. The stock’s 50 day moving average is $79.50 and its 200 day moving average is $81.10. The stock has a market cap of $11.49 billion, a price-to-earnings ratio of 25.55 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.02. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The company had revenue of $693 million for the quarter, compared to analysts’ expectations of $690.83 million. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Citrix Systems, Inc. will post $4.63 EPS for the current year.
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A number of research firms recently weighed in on CTXS. Jefferies Group LLC lowered their target price on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating on the stock in a report on Friday, April 28th. BidaskClub lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Stifel Nicolaus restated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a report on Wednesday, August 9th. Deutsche Bank AG lowered their target price on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a report on Monday, July 31st. Four research 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’s stock. The stock presently has an average rating of “Hold” and an average price target of $89.25.
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.
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