Weiss Multi Strategy Advisers LLC Takes Position in Citrix Systems, Inc. (CTXS)

Weiss Multi Strategy Advisers LLC acquired a new position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the first quarter, Holdings Channel reports. The firm acquired 20,126 shares of the cloud computing company’s stock, valued at approximately $1,678,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Baltimore Washington Financial Advisors Inc. acquired a new position in Citrix Systems during the fourth quarter worth $27,024,000. Quadrant Capital Group LLC raised its position 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 raised its position 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 raised its position 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 purchased a new position in Citrix Systems during the first quarter worth $200,000. 97.75% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

Citrix Systems, Inc. (NASDAQ CTXS) traded up 0.84% during trading on Thursday, hitting $81.36. 552,068 shares of the stock traded hands. The company has a market cap of $12.30 billion, a P/E ratio of 26.78 and a beta of 1.55. Citrix Systems, Inc. has a 52-week low of $60.65 and a 52-week high of $87.99. The firm has a 50-day moving average price of $83.23 and a 200 day moving average price of $79.22.

Citrix Systems (NASDAQ:CTXS) last posted its 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 business had revenue of $662.70 million for the quarter, compared to analysts’ expectations of $664.16 million. Citrix Systems had a net margin of 14.75% and a return on equity of 31.02%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 EPS. On average, equities analysts expect that Citrix Systems, Inc. will post $4.64 EPS for the current year.

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A number of research analysts recently weighed in on the stock. Jefferies Group LLC dropped their price target on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating on the stock in a research report on Friday, April 28th. Deutsche Bank AG dropped their price target on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Robert W. Baird raised shares of Citrix Systems from a “neutral” rating to an “outperform” rating and raised their price target for the company from $85.00 to $90.00 in a research report on Thursday, April 27th. MKM Partners raised their price target on shares of Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Finally, BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research report on Monday, April 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.80.

In other news, CMO Timothy A. Minahan sold 1,753 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $83.54, for a total value of $146,445.62. Following the transaction, the chief marketing officer now owns 64,271 shares in the company, valued at approximately $5,369,199.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Murray J. Demo sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 29th. The stock was 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 in the company, valued at approximately $719,031.30. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

About Citrix Systems

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).

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