Usca Ria LLC Takes $30,000 Position in Citrix Systems, Inc. (NASDAQ:CTXS)

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Usca Ria LLC purchased a new stake in Citrix Systems, Inc. (NASDAQ:CTXS) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 311 shares of the cloud computing company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in Citrix Systems in the 3rd quarter valued at about $25,000. Covington Capital Management lifted its position in Citrix Systems by 175.0% in the 2nd quarter. Covington Capital Management now owns 275 shares of the cloud computing company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Quest Capital Management Inc. ADV bought a new stake in Citrix Systems in the 3rd quarter valued at about $27,000. Guinness Asset Management Ltd lifted its position in Citrix Systems by 83.8% in the 2nd quarter. Guinness Asset Management Ltd now owns 294 shares of the cloud computing company’s stock valued at $28,000 after purchasing an additional 134 shares during the last quarter. Finally, CWM LLC lifted its position in Citrix Systems by 65.1% in the 3rd quarter. CWM LLC now owns 312 shares of the cloud computing company’s stock valued at $30,000 after purchasing an additional 123 shares during the last quarter.

In related news, CAO Jessica Soisson sold 5,400 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $96.33, for a total transaction of $520,182.00. Following the transaction, the chief accounting officer now directly owns 32,797 shares of the company’s stock, valued at $3,159,335.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Calderoni sold 11,893 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.04, for a total transaction of $1,308,705.72. Following the transaction, the director now directly owns 77,518 shares in the company, valued at $8,530,080.72. The disclosure for this sale can be found here. Insiders have sold 59,753 shares of company stock worth $6,165,888 over the last ninety days. 0.54% of the stock is currently owned by insiders.

Several analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Citrix Systems from $102.00 to $95.00 and set an “underweight” rating on the stock in a research report on Thursday, July 25th. Barclays set a $107.00 price objective on shares of Citrix Systems and gave the company a “hold” rating in a research report on Friday, November 1st. Wedbush reiterated a “hold” rating and issued a $92.00 price objective on shares of Citrix Systems in a research report on Friday, October 25th. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Finally, BidaskClub upgraded shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $105.33.

CTXS stock opened at $110.73 on Friday. The firm’s 50-day moving average is $101.23 and its two-hundred day moving average is $97.55. Citrix Systems, Inc. has a 52 week low of $90.28 and a 52 week high of $112.27. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 4.30 and a beta of 1.07. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 1.35.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Thursday, October 24th. The cloud computing company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.27. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. The firm had revenue of $733.00 million for the quarter, compared to the consensus estimate of $715.05 million. During the same period in the previous year, the firm posted $1.40 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. On average, equities research analysts predict that Citrix Systems, Inc. will post 3.85 earnings per share for the current year.

About Citrix Systems

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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

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