Fiduciary Trust Co. decreased its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 4.7% during the first quarter, Holdings Channel reports. The fund owned 43,334 shares of the cloud computing company’s stock after selling 2,131 shares during the period. Fiduciary Trust Co.’s holdings in Citrix Systems were worth $3,614,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Baltimore Washington Financial Advisors Inc. bought a new stake in Citrix Systems during the fourth quarter worth $27,024,000. Quadrant Capital Group LLC increased its stake in Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock worth $113,000 after buying an additional 35 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in 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 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. Finally, Greenwood Capital Associates LLC bought a new stake in Citrix Systems during the first quarter worth $200,000. 97.75% of the stock is currently owned by institutional investors.
Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.72% on Monday, reaching $82.00. 129,395 shares of the company traded hands. Citrix Systems, Inc. has a 52-week low of $60.65 and a 52-week high of $87.99. The stock has a 50-day moving average of $83.23 and a 200 day moving average of $79.22. The company has a market capitalization of $12.39 billion, a PE ratio of 26.99 and a beta of 1.55.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.10. The firm had revenue of $662.70 million during the quarter, compared to the consensus estimate of $664.16 million. Citrix Systems had a net margin of 14.75% and a return on equity of 31.02%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. On average, equities analysts forecast that Citrix Systems, Inc. will post $4.64 EPS for the current year.
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A number of equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $62.00 price objective on shares of Citrix Systems in a report on Wednesday, March 15th. Mizuho lifted their price objective on Citrix Systems from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, March 14th. Cowen and Company reaffirmed a “fair value” rating and set a $100.00 price objective on shares of Citrix Systems in a report on Tuesday, March 14th. Berenberg Bank assumed coverage on Citrix Systems in a report on Tuesday, April 4th. They set a “buy” rating and a $98.00 price objective on the stock. Finally, Robert W. Baird downgraded Citrix Systems from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $100.00 to $85.00 in a report on Tuesday, February 28th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $92.80.
In related news, Director Murray J. Demo sold 1,000 shares of Citrix Systems stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $83.55, for a total transaction of $83,550.00. Following the completion of the transaction, the director now owns 8,606 shares of the company’s stock, valued at $719,031.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Timothy A. Minahan sold 1,753 shares of Citrix Systems stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $83.54, for a total transaction of $146,445.62. Following the transaction, the chief marketing officer now directly owns 64,271 shares of the company’s stock, valued at approximately $5,369,199.34. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
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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