Citrix Systems, Inc. (CTXS) Shares Sold by Sandy Spring Bank

Sandy Spring Bank cut its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,263 shares of the cloud computing company’s stock after selling 2,643 shares during the quarter. Sandy Spring Bank’s holdings in Citrix Systems were worth $1,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in Citrix Systems by 22.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock valued at $87,588,000 after purchasing an additional 200,291 shares during the period. BT Investment Management Ltd increased its stake in shares of Citrix Systems by 11.7% during the third quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after acquiring an additional 138,032 shares during the period. Artemis Investment Management LLP acquired a new position in shares of Citrix Systems during the second quarter worth about $9,003,000. Profit Investment Management LLC increased its stake in shares of Citrix Systems by 43.4% during the third quarter. Profit Investment Management LLC now owns 16,092 shares of the cloud computing company’s stock worth $1,236,000 after acquiring an additional 4,867 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Citrix Systems by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock worth $43,360,000 after acquiring an additional 68,506 shares during the period. Institutional investors own 93.52% of the company’s stock.

A number of research analysts have recently issued reports on CTXS shares. MKM Partners reiterated a “buy” rating and set a $90.00 price target (down from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the stock a “buy” rating in a research note on Friday, October 6th. Mizuho reiterated a “buy” rating and set a $94.00 price target (up from $92.00) on shares of Citrix Systems in a research note on Wednesday, October 25th. Citigroup Inc. dropped their price target on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $89.50.

In other news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total value of $1,053,125.00. Following the completion of the transaction, the chief executive officer now owns 306,777 shares of the company’s stock, valued at $25,845,962.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total transaction of $210,800.00. Following the completion of the transaction, the chief financial officer now directly owns 38,512 shares of the company’s stock, valued at approximately $3,247,331.84. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) traded down $0.39 during midday trading on Friday, hitting $83.64. 72,329 shares of the company’s stock traded hands, compared to its average volume of 1,736,251. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $12,620.00, a P/E ratio of 20.90, a PEG ratio of 4.10 and a beta of 1.40. Citrix Systems, Inc. has a 12 month low of $66.28 and a 12 month high of $87.99.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $691.00 million during the quarter, compared to analyst estimates of $691.61 million. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 earnings per share. equities research analysts expect that Citrix Systems, Inc. will post 3.94 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Citrix Systems, Inc. (CTXS) Shares Sold by Sandy Spring Bank” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://ledgergazette.com/2017/11/10/citrix-systems-inc-ctxs-shares-sold-by-sandy-spring-bank.html.

Citrix Systems 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.

Want to see what other hedge funds are holding CTXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citrix Systems, Inc. (NASDAQ:CTXS).

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

Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply