Mosaic Family Wealth LLC reduced its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 1.3% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,327 shares of the cloud computing company’s stock after selling 18 shares during the period. Mosaic Family Wealth LLC’s holdings in Citrix Systems were worth $113,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CTXS. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Citrix Systems by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,764 shares of the cloud computing company’s stock valued at $942,000 after buying an additional 127 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Citrix Systems by 12.3% in the second quarter. Nordea Investment Management AB now owns 1,915,589 shares of the cloud computing company’s stock valued at $153,420,000 after buying an additional 209,368 shares during the last quarter. Smithfield Trust Co. raised its position in shares of Citrix Systems by 156.3% in the second quarter. Smithfield Trust Co. now owns 3,647 shares of the cloud computing company’s stock valued at $293,000 after buying an additional 2,224 shares during the last quarter. Bank of Hawaii raised its position in shares of Citrix Systems by 54.5% in the second quarter. Bank of Hawaii now owns 14,438 shares of the cloud computing company’s stock valued at $1,156,000 after buying an additional 5,095 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its position in shares of Citrix Systems by 134.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 128,308 shares of the cloud computing company’s stock valued at $10,276,000 after buying an additional 73,585 shares during the last quarter. 96.68% of the stock is owned by institutional investors.
Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.17% during midday trading on Friday, reaching $78.55. The company had a trading volume of 2,115,397 shares. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 23.04 and a beta of 1.63. Citrix Systems, Inc. has a 52 week low of $64.13 and a 52 week high of $95.90. The firm has a 50-day moving average price of $87.73 and a 200-day moving average price of $86.67.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, January 25th. The cloud computing company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.12. The firm had revenue of $908.40 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. Analysts expect that Citrix Systems, Inc. will post $4.65 EPS for the current fiscal year.
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Several research analysts have issued reports on CTXS shares. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Tuesday, October 25th. Needham & Company LLC reiterated a “buy” rating and issued a $96.00 price target on shares of Citrix Systems in a report on Thursday, October 20th. Mizuho upgraded Citrix Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $90.00 to $100.00 in a report on Monday, December 5th. MKM Partners reiterated a “buy” rating and issued a $100.00 price target on shares of Citrix Systems in a report on Tuesday, January 10th. Finally, Citigroup Inc. dropped their target price on Citrix Systems to $113.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $92.68.
In other news, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $89.91, for a total value of $89,910.00. Following the completion of the sale, the director now directly owns 10,276 shares in the company, valued at approximately $923,915.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Klaus Oestermann sold 743 shares of the company’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $86.61, for a total value of $64,351.23. Following the completion of the sale, the senior vice president now owns 29,347 shares of the company’s stock, valued at $2,541,743.67. The disclosure for this sale can be found here. Insiders have sold a total of 8,338 shares of company stock worth $737,829 over the last three months. Insiders own 0.48% of the company’s stock.
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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