Hudson Valley Investment Advisors Inc. ADV decreased its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,095 shares of the cloud computing company’s stock after selling 400 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Citrix Systems were worth $974,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisory Services Network LLC raised its position in Citrix Systems by 691.3% in the 1st quarter. Advisory Services Network LLC now owns 2,374 shares of the cloud computing company’s stock valued at $237,000 after purchasing an additional 2,074 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Citrix Systems by 186.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 645,802 shares of the cloud computing company’s stock valued at $64,363,000 after purchasing an additional 420,360 shares in the last quarter. First National Bank of Omaha raised its position in Citrix Systems by 17.7% in the 2nd quarter. First National Bank of Omaha now owns 49,944 shares of the cloud computing company’s stock valued at $4,902,000 after purchasing an additional 7,520 shares in the last quarter. PFS Investments Inc. raised its position in Citrix Systems by 207.1% in the 2nd quarter. PFS Investments Inc. now owns 7,078 shares of the cloud computing company’s stock valued at $707,000 after purchasing an additional 4,773 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC raised its position in Citrix Systems by 19.3% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,907 shares of the cloud computing company’s stock valued at $390,000 after purchasing an additional 631 shares in the last quarter.
A number of research firms have recently commented on CTXS. Morgan Stanley dropped their price objective on Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a report on Thursday, July 25th. Wedbush reiterated a “hold” rating and issued a $92.00 price objective on shares of Citrix Systems in a report on Friday, October 25th. BidaskClub upgraded Citrix Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 18th. ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Finally, Barclays set a $107.00 price objective on Citrix Systems and gave the company a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $105.33.
Citrix Systems stock traded up $0.62 during mid-day trading on Friday, reaching $110.73. 1,139,400 shares of the company were exchanged, compared to its average volume of 1,987,571. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74. The firm’s 50-day simple moving average is $101.23 and its two-hundred day simple moving average is $97.55. The firm has a market cap of $14.17 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 4.30 and a beta of 1.07. Citrix Systems, Inc. has a twelve month low of $90.28 and a twelve month high of $112.27.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.27. The company had revenue of $733.00 million during the quarter, compared to the consensus estimate of $715.05 million. Citrix Systems had a return on equity of 97.57% and a net margin of 21.33%. Citrix Systems’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 earnings per share. As a group, equities research analysts anticipate that Citrix Systems, Inc. will post 3.85 EPS for the current year.
In other news, CAO Jessica Soisson sold 5,400 shares of Citrix Systems stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $96.33, for a total value of $520,182.00. Following the completion of the sale, the chief accounting officer now owns 32,797 shares of the company’s stock, valued at $3,159,335.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Calderoni sold 11,893 shares of Citrix Systems stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.04, for a total value of $1,308,705.72. Following the completion of the sale, the director now directly owns 77,518 shares of the company’s stock, valued at approximately $8,530,080.72. The disclosure for this sale can be found here. Insiders have sold 59,753 shares of company stock valued at $6,165,888 in the last three months. 0.54% of the stock is currently owned by company insiders.
Citrix Systems Company Profile
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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