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

Usca Ria LLC bought a new stake in Citrix Systems, Inc. (NASDAQ:CTXS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 311 shares of the cloud computing company’s stock, valued at approximately $30,000.

Other large investors have also made changes to their positions in the company. GHP Investment Advisors Inc. raised its holdings in Citrix Systems by 10.7% during the second quarter. GHP Investment Advisors Inc. now owns 21,819 shares of the cloud computing company’s stock worth $2,141,000 after purchasing an additional 2,110 shares in the last quarter. Gyroscope Capital Management Group LLC grew its position in Citrix Systems by 19.3% during the second quarter. Gyroscope Capital Management Group LLC now owns 3,907 shares of the cloud computing company’s stock worth $390,000 after buying an additional 631 shares during the period. First Trust Advisors LP grew its position in Citrix Systems by 29.7% during the second quarter. First Trust Advisors LP now owns 3,986,354 shares of the cloud computing company’s stock worth $391,221,000 after buying an additional 912,477 shares during the period. Great West Life Assurance Co. Can grew its position in Citrix Systems by 1.2% during the third quarter. Great West Life Assurance Co. Can now owns 108,359 shares of the cloud computing company’s stock worth $10,462,000 after buying an additional 1,248 shares during the period. Finally, AGF Investments LLC grew its position in Citrix Systems by 50.6% during the second quarter. AGF Investments LLC now owns 3,180 shares of the cloud computing company’s stock worth $312,000 after buying an additional 1,068 shares during the period.

In other news, Director Robert Calderoni sold 11,893 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.04, for a total value of $1,308,705.72. Following the transaction, the director now owns 77,518 shares of the company’s stock, valued at approximately $8,530,080.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter John Sacripanti sold 5,726 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $91.40, for a total transaction of $523,356.40. Following the completion of the transaction, the director now directly owns 14,249 shares in the company, valued at approximately $1,302,358.60. The disclosure for this sale can be found here. In the last three months, insiders sold 59,753 shares of company stock worth $6,165,888. Insiders own 0.54% of the company’s stock.

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

Citrix Systems (NASDAQ:CTXS) last issued its earnings results 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 business had revenue of $733.00 million for the quarter, compared to the consensus estimate of $715.05 million. During the same quarter last year, the firm posted $1.40 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts predict that Citrix Systems, Inc. will post 3.85 EPS for the current year.

Several research analysts have weighed in on CTXS shares. Jefferies Financial Group upgraded shares of Citrix Systems from an “underperform” rating to a “hold” rating and upped their target price for the stock from $80.00 to $105.00 in a research report on Tuesday, October 29th. BidaskClub upgraded shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 18th. Barclays set a $107.00 target price on shares of Citrix Systems and gave the stock a “hold” rating in a research report on Friday, November 1st. ValuEngine upgraded shares of Citrix Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Finally, Wedbush restated a “hold” rating and set a $92.00 target price on shares of Citrix Systems in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.33.

Citrix Systems Profile

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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