Citrix Systems, Inc. (CTXS) Shares Sold by Reliance Trust Co. of Delaware

Reliance Trust Co. of Delaware cut its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,124 shares of the cloud computing company’s stock after selling 4 shares during the period. Reliance Trust Co. of Delaware’s holdings in Citrix Systems were worth $806,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in shares of Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock valued at $113,000 after buying an additional 35 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Citrix Systems by 75.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,562 shares of the cloud computing company’s stock valued at $127,000 after buying an additional 672 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Citrix Systems by 10.3% in the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock valued at $152,000 after buying an additional 171 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Citrix Systems during the first quarter worth about $200,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of Citrix Systems during the first quarter worth about $225,000. 95.80% of the stock is owned by institutional investors and hedge funds.

Citrix Systems, Inc. (CTXS) opened at 74.71 on Friday. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 25.17 and a beta of 1.49. The company has a 50 day moving average price of $78.87 and a 200-day moving average price of $81.06. Citrix Systems, Inc. has a 52 week low of $64.11 and a 52 week high of $87.99.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $693 million for the quarter, compared to the consensus estimate of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 EPS. Equities analysts predict that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.

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A number of brokerages have issued reports on CTXS. BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a research report on Wednesday. Jefferies Group LLC reaffirmed a “sell” rating and set a $61.00 target price on shares of Citrix Systems in a research report on Friday, August 11th. MKM Partners reaffirmed a “buy” rating and set a $90.00 target price (down previously from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Barclays PLC reaffirmed an “overweight” rating and set a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $77.00 target price on shares of Citrix Systems in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.25.

Citrix Systems Company Profile

Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

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

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