Sawgrass Asset Management LLC Cuts Holdings in Citrix Systems, Inc. (CTXS)
Sawgrass Asset Management LLC decreased its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 52.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 215,773 shares of the cloud computing company’s stock after selling 242,090 shares during the period. Sawgrass Asset Management LLC owned 0.14% of Citrix Systems worth $17,171,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of CTXS. Bank of Montreal Can increased its position in Citrix Systems by 35.6% during the 2nd quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock valued at $400,799,000 after purchasing an additional 1,321,350 shares during the period. BT Investment Management Ltd purchased a new position in Citrix Systems during the 2nd quarter valued at about $93,653,000. MARSHALL WACE ASIA Ltd purchased a new position in Citrix Systems during the 1st quarter valued at about $89,128,000. Marshall Wace North America L.P. purchased a new position in Citrix Systems during the 1st quarter valued at about $89,128,000. Finally, Schroder Investment Management Group increased its position in Citrix Systems by 224.0% during the 1st quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock valued at $109,459,000 after purchasing an additional 899,730 shares during the period. 93.62% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “Sawgrass Asset Management LLC Cuts Holdings in Citrix Systems, Inc. (CTXS)” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/sawgrass-asset-management-llc-cuts-holdings-in-citrix-systems-inc-ctxs/1580508.html.
A number of research analysts have commented on CTXS shares. MKM Partners reissued a “buy” rating and set a $90.00 target price (down previously from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating and set a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “sell” rating and set a $61.00 target price on shares of Citrix Systems in a research report on Friday, August 11th. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a research report on Monday, September 4th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $89.25.
Citrix Systems, Inc. (CTXS) traded up 0.0267% during mid-day trading on Friday, reaching $76.3004. 373,381 shares of the company were exchanged. The stock has a 50-day moving average of $76.40 and a 200 day moving average of $80.78. The firm has a market capitalization of $11.56 billion, a P/E ratio of 25.7077 and a beta of 1.48. Citrix Systems, Inc. has a 1-year low of $64.79 and a 1-year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The company had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $690.83 million. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. Equities research analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.
Citrix Systems 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.
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.