Citrix Systems (CTXS) : V Wealth Managementllc added new position in Citrix Systems during the most recent quarter end. The investment management firm now holds 16,476 shares of Citrix Systems which is valued at $1,416,771 , the company said in a statement filed on Jul 18, 2016 with the SEC.Citrix Systems makes up approximately 1.12% of V Wealth Managementllc’s portfolio.
Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in CTXS in the latest quarter, The investment management firm added 16,390 additional shares and now holds a total of 63,496 shares of Citrix Systems which is valued at $5,380,016. Citrix Systems makes up approx 0.07% of Nisa Investment Advisors’s portfolio.Capstone Asset Management Co boosted its stake in CTXS in the latest quarter, The investment management firm added 18,476 additional shares and now holds a total of 34,717 shares of Citrix Systems which is valued at $2,919,353. Citrix Systems makes up approx 0.09% of Capstone Asset Management Co’s portfolio.Beacon Financial Group reduced its stake in CTXS by selling 72 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 6,206 shares of CTXS which is valued at $521,863. Citrix Systems makes up approx 0.11% of Beacon Financial Group’s portfolio.
Citrix Systems opened for trading at $85.29 and hit $86.23 on the upside on Wednesday, eventually ending the session at $85.99, with a gain of 1.06% or 0.9 points. The heightened volatility saw the trading volume jump to 7,33,967 shares. Company has a market cap of $13,337 M.
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. Company shares were Reiterated by UBS on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 81 from a previous price target of $73 .Company shares were Reiterated by MKM Partners on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 98 from a previous price target of $93 .Company shares were Reiterated by Mizuho on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .
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.