Trillium Asset Management LLC raised its position in shares of Citrix Systems Inc. (NASDAQ:CTXS) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,423 shares of the cloud computing company’s stock after buying an additional 3,421 shares during the period. Trillium Asset Management LLC’s holdings in Citrix Systems were worth $11,086,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Redwood Investments LLC increased its position in shares of Citrix Systems by 4.0% in the second quarter. Redwood Investments LLC now owns 245,025 shares of the cloud computing company’s stock worth $19,624,000 after buying an additional 9,452 shares in the last quarter. ING Groep NV increased its position in shares of Citrix Systems by 8,880.2% in the second quarter. ING Groep NV now owns 725,958 shares of the cloud computing company’s stock worth $58,135,000 after buying an additional 717,874 shares in the last quarter. First Midwest Bank Trust Division increased its position in shares of Citrix Systems by 2.1% in the second quarter. First Midwest Bank Trust Division now owns 21,141 shares of the cloud computing company’s stock worth $1,693,000 after buying an additional 434 shares in the last quarter. Lucus Advisors LLC acquired a new position in shares of Citrix Systems during the second quarter worth $341,000. Finally, American Century Companies Inc. increased its position in shares of Citrix Systems by 165.2% in the second quarter. American Century Companies Inc. now owns 154,116 shares of the cloud computing company’s stock worth $12,343,000 after buying an additional 96,012 shares in the last quarter. 96.69% of the stock is owned by institutional investors and hedge funds.
Shares of Citrix Systems Inc. (NASDAQ:CTXS) traded up 1.01% during trading on Wednesday, reaching $84.96. 714,409 shares of the company traded hands. Citrix Systems Inc. has a 52 week low of $60.91 and a 52 week high of $90.00. The firm has a 50 day moving average of $85.84 and a 200 day moving average of $83.70. The stock has a market capitalization of $13.23 billion, a PE ratio of 34.23 and a beta of 1.94.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.06. The business had revenue of $843 million for the quarter, compared to the consensus estimate of $816.56 million. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. On average, equities analysts predict that Citrix Systems Inc. will post $5.06 EPS for the current year.
Several equities research analysts recently weighed in on CTXS shares. Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, June 21st. Jefferies Group reissued a “hold” rating on shares of Citrix Systems in a research report on Tuesday, July 5th. MKM Partners reissued a “buy” rating and set a $98.00 price target on shares of Citrix Systems in a research report on Tuesday, July 12th. William Blair reissued a “market perform” rating on shares of Citrix Systems in a research report on Wednesday, July 20th. Finally, Mizuho raised their price target on shares of Citrix Systems from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and an average price target of $86.67.
In other news, VP Jessica Soisson sold 6,140 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $89.01, for a total value of $546,521.40. Following the transaction, the vice president now directly owns 18,790 shares of the company’s stock, valued at $1,672,497.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Murray J. Demo sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $88.99, for a total transaction of $88,990.00. Following the completion of the transaction, the director now directly owns 20,516 shares in the company, valued at $1,825,718.84. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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