Trading Report: Today, Advisor Partners LLC Buys New Stake in Citrix Systems Inc. (CTXS)

Today, Advisor Partners LLC Buys New Stake in Citrix Systems Inc. (CTXS)

Advisor Partners LLC bought a new stake in Citrix Systems Inc. (NASDAQ:CTXS) during the third quarter, Holdings Channel reports. The institutional investor bought 2,418 shares of the cloud computing company’s stock, valued at approximately $206,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its position in Citrix Systems by 3.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,304 shares of the cloud computing company’s stock valued at $104,000 after buying an additional 49 shares during the period. Global X Management Co. LLC increased its position in Citrix Systems by 82.7% in the second quarter. Global X Management Co. LLC now owns 1,745 shares of the cloud computing company’s stock worth $140,000 after buying an additional 790 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Citrix Systems by 3.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,349 shares of the cloud computing company’s stock worth $188,000 after buying an additional 75 shares during the period. Synovus Financial Corp increased its position in Citrix Systems by 0.5% in the second quarter. Synovus Financial Corp now owns 2,512 shares of the cloud computing company’s stock worth $204,000 after buying an additional 12 shares during the period. Finally, Creative Planning increased its position in Citrix Systems by 17.3% in the second quarter. Creative Planning now owns 2,777 shares of the cloud computing company’s stock worth $222,000 after buying an additional 410 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Shares of Citrix Systems Inc. (NASDAQ:CTXS) remained flat at $87.68 during mid-day trading on Thursday. 1,065,352 shares of the company’s stock were exchanged. The company’s 50 day moving average is $85.16 and its 200 day moving average is $84.99. Citrix Systems Inc. has a 12-month low of $60.91 and a 12-month high of $90.00. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 29.31 and a beta of 1.66.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, October 19th. The cloud computing company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. Citrix Systems had a return on equity of 32.90% and a net margin of 13.69%. The firm had revenue of $841.30 million for the quarter, compared to analyst estimates of $827.21 million. During the same period in the previous year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts expect that Citrix Systems Inc. will post $5.20 earnings per share for the current fiscal year.

CTXS has been the topic of a number of research reports. Jefferies Group downgraded Citrix Systems from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $80.00 to $71.00 in a report on Monday, August 1st. They noted that the move was a valuation call. Citigroup Inc. raised their price objective on Citrix Systems from $93.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, July 29th. Deutsche Bank AG raised their price objective on Citrix Systems from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Finally, Vetr upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $87.24 price objective on the stock in a report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $90.59.

In related news, Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $88.22, for a total transaction of $88,220.00. Following the transaction, the director now directly owns 16,276 shares in the company, valued at $1,435,868.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Calderoni sold 19,888 shares of the business’s stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $85.79, for a total value of $1,706,191.52. Following the transaction, the insider now owns 124,454 shares in the company, valued at $10,676,908.66. The disclosure for this sale can be found here. Corporate 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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