Unigestion Holding SA acquired a new position in Citrix Systems, Inc. (NASDAQ:CTXS) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 142,197 shares of the cloud computing company’s stock, valued at approximately $13,725,000. Unigestion Holding SA owned approximately 0.11% of Citrix Systems at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Daiwa Securities Group Inc. lifted its holdings in Citrix Systems by 1.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,406 shares of the cloud computing company’s stock worth $522,000 after buying an additional 103 shares in the last quarter. Creative Planning lifted its holdings in Citrix Systems by 1.9% in the 3rd quarter. Creative Planning now owns 5,686 shares of the cloud computing company’s stock worth $549,000 after buying an additional 107 shares in the last quarter. CWM LLC lifted its holdings in Citrix Systems by 65.1% in the 3rd quarter. CWM LLC now owns 312 shares of the cloud computing company’s stock worth $30,000 after buying an additional 123 shares in the last quarter. Guinness Asset Management Ltd raised its stake in shares of Citrix Systems by 83.8% in the 2nd quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock valued at $28,000 after purchasing an additional 134 shares in the last quarter. Finally, American Trust Investment Advisors LLC raised its stake in shares of Citrix Systems by 0.4% in the 2nd quarter. American Trust Investment Advisors LLC now owns 43,609 shares of the cloud computing company’s stock valued at $4,280,000 after purchasing an additional 160 shares in the last quarter.
Shares of NASDAQ:CTXS traded up $0.62 during trading on Friday, reaching $110.73. 1,139,414 shares of the company’s stock traded hands, compared to its average volume of 1,987,571. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.74 and a quick ratio of 0.73. Citrix Systems, Inc. has a 12 month low of $90.28 and a 12 month high of $112.27. The company has a 50 day moving average of $100.95 and a 200-day moving average of $97.50. The stock has a market capitalization of $14.17 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 4.30 and a beta of 1.07.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. The business had revenue of $733.00 million during the quarter, compared to the consensus estimate of $715.05 million. During the same quarter in the prior year, the firm earned $1.40 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts predict that Citrix Systems, Inc. will post 3.85 earnings per share for the current fiscal year.
In related news, EVP Mark J. Ferrer sold 1,245 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $108.74, for a total transaction of $135,381.30. Following the completion of the sale, the executive vice president now owns 62,133 shares of the company’s stock, valued at approximately $6,756,342.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Calderoni sold 11,893 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $110.04, for a total transaction of $1,308,705.72. Following 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. In the last ninety days, insiders have sold 59,753 shares of company stock valued at $6,165,888. Insiders own 0.54% of the company’s stock.
A number of brokerages have recently issued reports on CTXS. Wedbush restated a “hold” rating and issued a $92.00 target price on shares of Citrix Systems in a research note on Friday, October 25th. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley cut their target price on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group upgraded shares of Citrix Systems from an “underperform” rating to a “hold” rating and upped their target price for the company from $80.00 to $105.00 in a research note on Tuesday, October 29th. Finally, Barclays set a $107.00 target price on shares of Citrix Systems and gave the company a “hold” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Citrix Systems currently has an average rating of “Hold” and an average price target of $105.33.
Citrix Systems 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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