Trilogy Global Advisors LP Trims Position in Citrix Systems, Inc. (CTXS)
Trilogy Global Advisors LP decreased its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,732 shares of the cloud computing company’s stock after selling 21,241 shares during the period. Trilogy Global Advisors LP owned 0.19% of Citrix Systems worth $23,693,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Citrix Systems by 10.3% during the 1st 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 in the last quarter. Greenwood Capital Associates LLC acquired a new position in Citrix Systems during the 1st quarter worth about $200,000. ZWJ Investment Counsel Inc. acquired a new position in Citrix Systems during the 1st quarter worth about $225,000. New Amsterdam Partners LLC NY acquired a new position in Citrix Systems during the 2nd quarter worth about $231,000. Finally, Atria Investments LLC acquired a new position in Citrix Systems during the 2nd quarter worth about $235,000. Institutional investors and hedge funds own 93.62% of the company’s stock.
Several brokerages recently issued reports on CTXS. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a research report on Monday, September 4th. BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Jefferies Group LLC reiterated a “sell” rating and set a $61.00 price target on shares of Citrix Systems in a research report on Friday, August 11th. MKM Partners reiterated a “buy” rating and set a $90.00 price target (down previously from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Finally, Barclays PLC reiterated an “overweight” rating and set a $90.00 price target (up previously from $87.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and an average target price of $89.25.
Shares of Citrix Systems, Inc. (CTXS) traded up 0.01% during mid-day trading on Tuesday, hitting $76.48. The stock had a trading volume of 159,078 shares. The firm has a market capitalization of $11.59 billion, a PE ratio of 25.77 and a beta of 1.48. Citrix Systems, Inc. has a 1-year low of $64.79 and a 1-year high of $87.99. The stock’s 50-day moving average is $76.47 and its 200-day moving average is $80.81.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $690.83 million. During the same quarter last year, the business earned $1.20 earnings per share. Citrix Systems’s revenue was up 3.0% compared to the same quarter last year. Equities analysts expect that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.
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.
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