LSV Asset Management Reduces Stake in Citrix Systems, Inc. (CTXS)
LSV Asset Management cut its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,400 shares of the cloud computing company’s stock after selling 42,600 shares during the quarter. LSV Asset Management owned approximately 0.12% of Citrix Systems worth $16,501,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of CTXS. Optimum Investment Advisors bought a new stake in Citrix Systems in the first quarter worth $136,000. Piedmont Investment Advisors LLC bought a new stake in Citrix Systems in the second quarter worth $153,000. Advisors Preferred LLC bought a new stake in Citrix Systems in the second quarter worth $172,000. Grove Bank & Trust bought a new stake in Citrix Systems in the second quarter worth $200,000. Finally, Financial & Investment Management Group Ltd. bought a new stake in Citrix Systems in the second quarter worth $210,000. 95.72% of the stock is currently owned by institutional investors and hedge funds.
CTXS stock opened at $112.97 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. Citrix Systems, Inc. has a 52-week low of $74.76 and a 52-week high of $116.82. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.92 and a beta of 1.15.
In related news, insider Robert Calderoni sold 2,128 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $110.20, for a total value of $234,505.60. Following the completion of the sale, the insider now owns 151,427 shares in the company, valued at $16,687,255.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David J. Henshall sold 10,000 shares of the stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of $107.23, for a total transaction of $1,072,300.00. Following the completion of the sale, the chief executive officer now owns 333,733 shares of the company’s stock, valued at approximately $35,786,189.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,384 shares of company stock valued at $2,818,361. 0.56% of the stock is owned by corporate insiders.
CTXS has been the subject of a number of recent research reports. Goldman Sachs Group upgraded shares of Citrix Systems from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, May 1st. Cowen restated a “hold” rating and set a $120.00 price target on shares of Citrix Systems in a report on Thursday, July 26th. Robert W. Baird cut shares of Citrix Systems from an “outperform” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Friday, July 20th. Morgan Stanley upped their price target on shares of Citrix Systems from $92.00 to $101.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. Finally, Stifel Nicolaus upped their price target on shares of Citrix Systems from $105.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $113.21.
About Citrix Systems
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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