SG Americas Securities LLC cut its position in Citrix Systems, Inc. (NASDAQ:CTXS – Get Rating) by 15.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,188 shares of the cloud computing company’s stock after selling 1,535 shares during the quarter. SG Americas Securities LLC’s holdings in Citrix Systems were worth $826,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its holdings in Citrix Systems by 7.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,699 shares of the cloud computing company’s stock valued at $777,000 after acquiring an additional 528 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Citrix Systems by 1.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 45,690 shares of the cloud computing company’s stock valued at $4,610,000 after acquiring an additional 430 shares in the last quarter. Mint Tower Capital Management BV raised its holdings in Citrix Systems by 1,044.4% in the 1st quarter. Mint Tower Capital Management BV now owns 22,887 shares of the cloud computing company’s stock valued at $2,309,000 after acquiring an additional 20,887 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Citrix Systems in the 1st quarter valued at $125,000. Finally, Parallel Advisors LLC raised its holdings in Citrix Systems by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 1,249 shares of the cloud computing company’s stock valued at $127,000 after acquiring an additional 506 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.
Citrix Systems Price Performance
Citrix Systems stock opened at $101.27 on Tuesday. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.81 and a current ratio of 0.82. Citrix Systems, Inc. has a 52 week low of $78.07 and a 52 week high of $115.00. The stock has a market capitalization of $12.85 billion, a P/E ratio of 46.24 and a beta of 0.08. The stock has a fifty-day moving average of $99.13 and a 200-day moving average of $100.59.
Citrix Systems (NASDAQ:CTXS – Get Rating) last issued its earnings results on Thursday, May 5th. The cloud computing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.29. Citrix Systems had a return on equity of 67.78% and a net margin of 9.97%. The business had revenue of $825.34 million during the quarter, compared to analysts’ expectations of $795.00 million.
Analyst Rating Changes
Separately, StockNews.com cut Citrix Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Citrix Systems currently has a consensus rating of “Hold” and an average target price of $89.80.
About Citrix Systems
Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; collaborative work management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.
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