Trade Report: The Tradewinds Capital Management LLC Continues to Hold Stake in Citrix Systems Inc. (CTXS)

The Tradewinds Capital Management LLC Continues to Hold Stake in Citrix Systems Inc. (CTXS)

Tradewinds Capital Management LLC maintained its stake in shares of Citrix Systems Inc. (NASDAQ:CTXS) during the second quarter, Holdings Channel reports. The fund owned 2,474 shares of the cloud computing company’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in Citrix Systems were worth $198,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its stake in shares of 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 worth $104,000 after buying an additional 49 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Citrix Systems by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,764 shares of the cloud computing company’s stock worth $942,000 after buying an additional 127 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Citrix Systems by 3.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,636 shares of the cloud computing company’s stock worth $443,000 after buying an additional 190 shares in the last quarter. Finally, Bayesian Capital Management LP boosted its stake in shares of Citrix Systems by 4.1% in the first quarter. Bayesian Capital Management LP now owns 5,029 shares of the cloud computing company’s stock worth $395,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 96.92% of the company’s stock.

Shares of Citrix Systems Inc. (NASDAQ:CTXS) traded down 0.51% on Monday, hitting $83.21. 836,748 shares of the stock were exchanged. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 33.53 and a beta of 1.94. Citrix Systems Inc. has a 52-week low of $60.91 and a 52-week high of $90.00. The company has a 50 day moving average of $85.01 and a 200 day moving average of $83.95.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The firm had revenue of $843 million for the quarter, compared to the consensus estimate of $816.56 million. During the same period in the prior year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts forecast that Citrix Systems Inc. will post $5.06 earnings per share for the current year.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday, July 29th. Mizuho restated a “neutral” rating and set a $90.00 target price on shares of Citrix Systems in a research note on Monday. Jefferies Group cut shares of Citrix Systems from a “hold” rating to an “underperform” rating and cut their target price for the stock from $80.00 to $71.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. MKM Partners restated a “buy” rating and set a $98.00 target price on shares of Citrix Systems in a research note on Tuesday, July 12th. Finally, Barclays PLC raised their target price on shares of Citrix Systems from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $87.30.

In other news, SVP Carlos Sartorius sold 13,290 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $84.51, for a total value of $1,123,137.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP William Burley sold 365 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $84.81, for a total transaction of $30,955.65. Following the completion of the sale, the vice president now directly owns 52,695 shares in the company, valued at $4,469,062.95. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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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