RDL Financial Inc. Sells 571 Shares of Citrix Systems, Inc. (CTXS)

RDL Financial Inc. cut its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 35,756 shares of the cloud computing company’s stock after selling 571 shares during the period. Citrix Systems comprises about 2.0% of RDL Financial Inc.’s investment portfolio, making the stock its 13th largest position. RDL Financial Inc.’s holdings in Citrix Systems were worth $2,982,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Baltimore Washington Financial Advisors Inc. bought a new stake in Citrix Systems during the fourth quarter worth approximately $27,024,000. Quadrant Capital Group LLC boosted its stake in Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock worth $113,000 after buying an additional 35 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in Citrix Systems by 75.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,562 shares of the cloud computing company’s stock worth $127,000 after buying an additional 672 shares during the period. Fifth Third Bancorp boosted its stake in Citrix Systems by 10.3% in the first 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 during the period. Finally, Greenwood Capital Associates LLC bought a new stake in Citrix Systems during the first quarter worth approximately $200,000. 97.75% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

Citrix Systems, Inc. (NASDAQ CTXS) traded down 1.39% on Tuesday, hitting $80.28. 435,352 shares of the stock were exchanged. The firm has a market cap of $12.13 billion, a P/E ratio of 26.43 and a beta of 1.55. Citrix Systems, Inc. has a 12 month low of $60.65 and a 12 month high of $87.99. The company has a 50-day moving average of $83.27 and a 200 day moving average of $79.13.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, April 26th. The cloud computing company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.10. The firm had revenue of $662.70 million for the quarter, compared to the consensus estimate of $664.16 million. Citrix Systems had a net margin of 14.75% and a return on equity of 31.02%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $1.18 EPS. Equities research analysts expect that Citrix Systems, Inc. will post $4.64 earnings per share for the current fiscal year.

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A number of research firms recently commented on CTXS. Jefferies Group LLC reaffirmed a “hold” rating and issued a $62.00 price target on shares of Citrix Systems in a report on Wednesday, March 15th. Mizuho lifted their price target on shares of Citrix Systems from $85.00 to $94.00 and gave the stock an “outperform” rating in a report on Tuesday, March 14th. Cowen and Company reaffirmed a “fair value” rating and issued a $100.00 price target on shares of Citrix Systems in a report on Tuesday, March 14th. Berenberg Bank began coverage on shares of Citrix Systems in a report on Tuesday, April 4th. They issued a “buy” rating and a $98.00 price target on the stock. Finally, Robert W. Baird cut shares of Citrix Systems from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $100.00 to $85.00 in a report on Tuesday, February 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $92.80.

In other news, Director Murray J. Demo sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $83.55, for a total transaction of $83,550.00. Following the sale, the director now directly owns 8,606 shares in the company, valued at approximately $719,031.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Timothy A. Minahan sold 1,753 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $83.54, for a total transaction of $146,445.62. Following the sale, the chief marketing officer now owns 64,271 shares in the company, valued at $5,369,199.34. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CTXS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding CTXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citrix Systems, Inc. (NASDAQ:CTXS).

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