Citrix Systems (CTXS) : Pensionfund Sabic added new position in Citrix Systems during the most recent quarter end. The investment management firm now holds 18,000 shares of Citrix Systems which is valued at $1.4 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Citrix Systems makes up approximately 0.43% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands added CTXS to its portfolio by purchasing 38,000 company shares during the most recent quarter which is valued at $3 Million. Citrix Systems makes up approx 0.41% of Pensionfund Dsm Netherlands’s portfolio. Beacon Financial Group added CTXS to its portfolio by purchasing 6,278 company shares during the most recent quarter which is valued at $499,352. Citrix Systems makes up approx 0.11% of Beacon Financial Group’s portfolio.
On the company’s financial health, Citrix Systems reported $1.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.19. The company had revenue of $905.00 million for the quarter, compared to analysts expectations of $877.18 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS.
Many Wall Street Analysts have commented on Citrix Systems. Citrix Systems was Upgraded by JMP Securities to ” Mkt Perform” on Jan 28, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 80 from a previous price target of $82 .Citrix Systems was Downgraded by Morgan Stanley to ” Underweight” on Jan 19, 2016.
Citrix Systems opened for trading at $78.9 and hit $80.2 on the upside on Monday, eventually ending the session at $78.55, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 18,45,836 shares. Company has a market cap of $12,095 M.
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.