Brinker Capital Inc. increased its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,757 shares of the cloud computing company’s stock after buying an additional 458 shares during the period. Brinker Capital Inc.’s holdings in Citrix Systems were worth $831,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CTXS. Advisor Partners LLC purchased a new position in shares of Citrix Systems during the third quarter worth $206,000. Fox Run Management L.L.C. purchased a new position in shares of Citrix Systems during the third quarter worth $230,000. Global X Management Co. LLC boosted its position in shares of Citrix Systems by 57.7% in the third quarter. Global X Management Co. LLC now owns 2,751 shares of the cloud computing company’s stock worth $234,000 after buying an additional 1,006 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Citrix Systems by 4.2% in the third quarter. Raymond James Trust N.A. now owns 3,035 shares of the cloud computing company’s stock worth $259,000 after buying an additional 122 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Citrix Systems by 121.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,100 shares of the cloud computing company’s stock worth $264,000 after buying an additional 1,700 shares in the last quarter. 95.94% of the stock is owned by hedge funds and other institutional investors.
Shares of Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.36% during trading on Monday, hitting $78.83. The stock had a trading volume of 170,810 shares. The stock has a market capitalization of $12.47 billion, a P/E ratio of 23.12 and a beta of 1.63. Citrix Systems, Inc. has a 12-month low of $49.84 and a 12-month high of $79.38. The stock’s 50-day moving average is $87.73 and its 200-day moving average is $86.67.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 25th. The cloud computing company reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.12. The business earned $908.40 million during the quarter, compared to analyst estimates of $900.97 million. Citrix Systems had a return on equity of 31.96% and a net margin of 15.68%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Analysts predict that Citrix Systems, Inc. will post $4.65 EPS for the current fiscal year.
A number of analysts recently commented on CTXS shares. Zacks Investment Research lowered Citrix Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. Robert W. Baird reissued an “outperform” rating and issued a $100.00 price target (up from $95.00) on shares of Citrix Systems in a research note on Saturday, October 22nd. Cowen and Company raised their price target on Citrix Systems from $95.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, October 20th. William Blair reissued a “market perform” rating on shares of Citrix Systems in a research note on Thursday, October 20th. Finally, Mizuho raised Citrix Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $100.00 in a research note on Monday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Citrix Systems presently has a consensus rating of “Hold” and a consensus price target of $92.68.
In other news, Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $87.33, for a total transaction of $87,330.00. Following the sale, the director now directly owns 12,276 shares of the company’s stock, valued at $1,072,063.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Calderoni sold 2,221 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $86.73, for a total value of $192,627.33. Following the sale, the insider now directly owns 116,416 shares in the company, valued at $10,096,759.68. The disclosure for this sale can be found here. Insiders have sold 8,338 shares of company stock worth $737,829 over the last ninety days. 0.48% of the stock is owned by insiders.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through Enterprise and Service Provider segment. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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