Creative Planning Raises Holdings in Citrix Systems, Inc. (NASDAQ:CTXS)
Creative Planning grew its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,686 shares of the cloud computing company’s stock after purchasing an additional 107 shares during the quarter. Creative Planning’s holdings in Citrix Systems were worth $549,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of CTXS. Venturi Wealth Management LLC purchased a new position in shares of Citrix Systems during the third quarter worth about $25,000. Covington Capital Management grew its holdings in shares of Citrix Systems by 175.0% during the second quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Quest Capital Management Inc. ADV purchased a new position in shares of Citrix Systems during the third quarter worth about $27,000. Guinness Asset Management Ltd grew its holdings in shares of Citrix Systems by 83.8% during the second quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock worth $28,000 after purchasing an additional 134 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Citrix Systems by 65.1% during the third quarter. CWM LLC now owns 312 shares of the cloud computing company’s stock worth $30,000 after purchasing an additional 123 shares during the last quarter.
NASDAQ CTXS opened at $111.94 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 1.35. Citrix Systems, Inc. has a 52-week low of $90.28 and a 52-week high of $112.27. The business’s 50-day moving average price is $102.39 and its 200 day moving average price is $97.77. The firm has a market cap of $14.49 billion, a P/E ratio of 26.63, a P/E/G ratio of 4.40 and a beta of 1.07.
Several brokerages have issued reports 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 reissued a “hold” rating and set a $92.00 price target on shares of Citrix Systems in a report on Friday, October 25th. Barclays set a $107.00 price target on Citrix Systems and gave the stock a “hold” rating in a report on Friday, November 1st. Jefferies Financial Group raised Citrix Systems from an “underperform” rating to a “hold” rating and raised their price target for the stock from $80.00 to $105.00 in a report on Tuesday, October 29th. Finally, BidaskClub raised Citrix Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $105.33.
In related news, EVP Rotterdam Jeroen Van sold 7,956 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $108.12, for a total value of $860,202.72. Following the completion of the sale, the executive vice president now owns 48,287 shares in the company, valued at $5,220,790.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Calderoni sold 11,893 shares of the firm’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 completion of the sale, the director now 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 three months, insiders have sold 54,027 shares of company stock worth $5,642,532. Corporate insiders own 0.54% of the company’s stock.
About Citrix Systems
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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