Todd Asset Management adds Citrix Systems (CTXS) to its portfolio

Citrix Systems (CTXS) : Todd Asset Management added new position in Citrix Systems during the most recent quarter end. The investment management firm now holds 176,821 shares of Citrix Systems which is valued at $14,996,189 , the company said in a statement filed on Aug 1, 2016 with the SEC.Citrix Systems makes up approximately 0.46% of Todd Asset Management’s portfolio.

Other Hedge Funds, Including , Achievement Holdings reduced its stake in CTXS by selling 92,200 shares or 80.74% in the most recent quarter. The Hedge Fund company now holds 22,000 shares of CTXS which is valued at $1,935,560. Citrix Systems makes up approx 0.25% of Achievement Holdings’s portfolio. Insight Capital Research Management Inc sold out all of its stake in CTXS during the most recent quarter. The investment firm sold 2,567 shares of CTXS which is valued $225,845.Old Mutual Global Investors (uk) Ltd. boosted its stake in CTXS in the latest quarter, The investment management firm added 285,780 additional shares and now holds a total of 1,337,497 shares of Citrix Systems which is valued at $116,469,239. Citrix Systems makes up approx 2.08% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

Citrix Systems closed down -0.85 points or -1.00% at $83.96 with 14,98,639 shares getting traded on Thursday. Post opening the session at $84.8, the shares hit an intraday low of $83.79 and an intraday high of $85.49 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Citrix Systems reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.92. The company had revenue of $826.00 million for the quarter, compared to analysts expectations of $787.97 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Citrix Systems. Citrix Systems was Downgraded by Jefferies to ” Underperform” on Aug 1, 2016. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 85 from a previous price target of $80 .Citrix Systems was Downgraded by Stifel to ” Hold” on Jul 27, 2016.

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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