Citrix Systems, Inc. (NASDAQ:CTXS) Shares Sold by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. cut its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 4,610 shares of the cloud computing company’s stock after selling 80 shares during the period. Wetherby Asset Management Inc.’s holdings in Citrix Systems were worth $367,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC increased its stake in shares of 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 during the last quarter. Fifth Third Bancorp increased its stake in shares of 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 during the last quarter. Greenwood Capital Associates LLC acquired a new stake in shares of Citrix Systems during the first quarter worth $200,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of Citrix Systems during the first quarter worth $225,000. Finally, Atria Investments LLC acquired a new stake in shares of Citrix Systems during the second quarter worth $235,000. Institutional investors and hedge funds own 95.80% of the company’s stock.
Shares of Citrix Systems, Inc. (NASDAQ CTXS) opened at 75.84 on Tuesday. The company’s 50-day moving average price is $79.50 and its 200 day moving average price is $81.10. The company has a market cap of $11.49 billion, a P/E ratio of 25.55 and a beta of 1.49. Citrix Systems, Inc. has a one year low of $64.11 and a one year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the Zacks’ 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 the consensus estimate of $690.83 million. During the same period last year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.
CTXS has been the subject of a number of research analyst reports. MKM Partners lifted their target price on Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a report on Monday, July 31st. Deutsche Bank AG lowered their target price on Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a report on Friday, April 28th. Finally, BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Four equities 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 stock. The company presently has an average rating of “Hold” and a consensus price target of $89.25.
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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