Confluence Wealth Management Lowers stake in Citrix Systems (CTXS)

Citrix Systems (CTXS) : Confluence Wealth Management reduced its stake in Citrix Systems by 2.77% during the most recent quarter end. The investment management company now holds a total of 10,567 shares of Citrix Systems which is valued at $882,767 after selling 301 shares in Citrix Systems , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Citrix Systems makes up approximately 0.43% of Confluence Wealth Management’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management reduced its stake in CTXS by selling 5,741 shares or 30.76% in the most recent quarter. The Hedge Fund company now holds 12,920 shares of CTXS which is valued at $1,079,337. Citrix Systems makes up approx 0.04% of Bluemountain Capital Management’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in CTXS in the latest quarter, The investment management firm added 84,201 additional shares and now holds a total of 428,923 shares of Citrix Systems which is valued at $36,865,932. Citrix Systems makes up approx 0.29% of Los Angeles Capital Management Equity Research Inc’s portfolio.Capital One National Association reduced its stake in CTXS by selling 49 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 2,656 shares of CTXS which is valued at $225,229. Citrix Systems makes up approx 0.02% of Capital One National Association’s portfolio.Cfo4life boosted its stake in CTXS in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 3,994 shares of Citrix Systems which is valued at $337,573. Citrix Systems makes up approx 0.30% of Cfo4life’s portfolio.

Citrix Systems closed down -1.16 points or -1.32% at $86.82 with 9,74,881 shares getting traded on Monday. Post opening the session at $88.13, the shares hit an intraday low of $86.72 and an intraday high of $88.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Citrix Systems reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $1.19. The company had revenue of $841.00 million for the quarter, compared to analysts expectations of $827.30 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Citrix Systems Inc. provides virtualization mobility management networking and SaaS solutions to businesses. The Company’s solutions offer secure mobile workspaces that provide people with access to apps desktops data and communications on any device over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider division’s Workspace services include mobile platforms desktop and application virtualization citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud documents cloud and workflow cloud. It also offers Professional Services and Technology products which include Citrix HDX FlexCast Citrix personalization technologies NetScaler Software Packet Engine ByteMobile Adaptive Traffic Management System XenMobile and Citrix Internet among others.

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