Commerzbank Aktiengesellschaft FI raised its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 108.1% in the second quarter, HoldingsChannel.com reports. The fund owned 13,184 shares of the cloud computing company’s stock after acquiring an additional 6,849 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Citrix Systems were worth $1,382,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of CTXS. Piedmont Investment Advisors LLC bought a new position in shares of Citrix Systems in the second quarter valued at about $153,000. Optimum Investment Advisors bought a new position in shares of Citrix Systems in the first quarter valued at about $136,000. Advisors Preferred LLC bought a new position in shares of Citrix Systems in the second quarter valued at about $172,000. Grove Bank & Trust bought a new position in shares of Citrix Systems in the second quarter valued at about $200,000. Finally, Financial & Investment Management Group Ltd. bought a new position in shares of Citrix Systems in the second quarter valued at about $210,000. 95.37% of the stock is owned by institutional investors.
CTXS has been the subject of a number of research analyst reports. Cowen reaffirmed a “hold” rating and issued a $120.00 price target on shares of Citrix Systems in a report on Thursday, July 26th. Robert W. Baird cut Citrix Systems from an “outperform” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Friday, July 20th. Morgan Stanley lifted their price target on Citrix Systems from $92.00 to $101.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. Stifel Nicolaus lifted their price target on Citrix Systems from $105.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Finally, Bank of America lifted their price target on Citrix Systems from $108.00 to $115.00 and gave the company a “neutral” rating in a report on Monday, June 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $114.21.
In other Citrix Systems news, CEO David J. Henshall sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $105.81, for a total transaction of $1,058,100.00. Following the completion of the sale, the chief executive officer now directly owns 344,236 shares of the company’s stock, valued at approximately $36,423,611.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jessica Soisson sold 1,136 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $113.78, for a total value of $129,254.08. The disclosure for this sale can be found here. Insiders have sold a total of 27,520 shares of company stock valued at $2,961,362 over the last three months. Company insiders own 0.56% of the company’s stock.
Shares of NASDAQ:CTXS opened at $110.96 on Friday. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.93 and a beta of 1.16. Citrix Systems, Inc. has a 1-year low of $75.01 and a 1-year high of $116.82. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, July 25th. The cloud computing company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.08. The firm had revenue of $742.36 million during the quarter, compared to analysts’ expectations of $716.33 million. Citrix Systems had a return on equity of 64.77% and a net margin of 3.23%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $103.00 EPS. sell-side analysts expect that Citrix Systems, Inc. will post 4.2 EPS for the current year.
Citrix Systems Profile
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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