New York State Common Retirement Fund Decreases Holdings in Citrix Systems, Inc. (NASDAQ:CTXS)

New York State Common Retirement Fund trimmed its position in shares of Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,322 shares of the cloud computing company’s stock after selling 3,048 shares during the period. New York State Common Retirement Fund owned about 0.12% of Citrix Systems worth $15,067,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Prospera Financial Services Inc bought a new stake in Citrix Systems during the 1st quarter valued at $31,000. Covestor Ltd purchased a new stake in Citrix Systems during the 4th quarter valued at $31,000. Richelieu Gestion PLC purchased a new stake in Citrix Systems during the 1st quarter valued at $40,000. Itau Unibanco Holding S.A. boosted its position in Citrix Systems by 74.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 514 shares of the cloud computing company’s stock valued at $49,000 after buying an additional 220 shares during the period. Finally, Confluence Wealth Services Inc. purchased a new stake in Citrix Systems during the 4th quarter valued at $52,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Citrix Systems Trading Up 0.5 %

NASDAQ:CTXS opened at $102.50 on Friday. The company has a 50-day moving average price of $99.28 and a 200-day moving average price of $100.66. Citrix Systems, Inc. has a 12 month low of $78.07 and a 12 month high of $115.00. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 3.92. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 46.80 and a beta of 0.08.

Citrix Systems (NASDAQ:CTXSGet Rating) last posted its earnings results on Thursday, May 5th. The cloud computing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.52 by $0.29. The firm had revenue of $825.34 million during the quarter, compared to analysts’ expectations of $795.00 million. Citrix Systems had a net margin of 9.97% and a return on equity of 67.78%.

Wall Street Analysts Forecast Growth

Separately, cut shares of Citrix Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 30th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $89.80.

Citrix Systems Profile

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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.

See Also

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

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