Citrix Systems (CTXS) : Rwc Asset Management Llp reduced its stake in Citrix Systems by 9.68% during the most recent quarter end. The investment management company now holds a total of 32,650,000 shares of Citrix Systems which is valued at $2,685.1 Million after selling 3,500,000 shares in Citrix Systems , the firm said in a disclosure report filed with the SEC on May 13, 2016.Citrix Systems makes up approximately 77.47% of Rwc Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Greenwood Capital Associates boosted its stake in CTXS in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 4,025 shares of Citrix Systems which is valued at $331,016. Citrix Systems makes up approx 0.10% of Greenwood Capital Associates’s portfolio.Daiwa Securities Group reduced its stake in CTXS by selling 700 shares or 15.91% in the most recent quarter. The Hedge Fund company now holds 3,700 shares of CTXS which is valued at $304,288. Airain Ltd sold out all of its stake in CTXS during the most recent quarter. The investment firm sold 47,828 shares of CTXS which is valued $3.9 Million.Bright Rock Capital Management boosted its stake in CTXS in the latest quarter, The investment management firm added 5,260 additional shares and now holds a total of 78,260 shares of Citrix Systems which is valued at $6.4 Million. Citrix Systems makes up approx 2.15% of Bright Rock Capital Management’s portfolio.
Citrix Systems closed down -2.75 points or -3.20% at $83.14 with 30,29,287 shares getting traded on Wednesday. Post opening the session at $85.91, the shares hit an intraday low of $82.99 and an intraday high of $86 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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.