First Quadrant L Pca Lowers stake in Citrix Systems (CTXS)

Citrix Systems (CTXS) : First Quadrant L Pca reduced its stake in Citrix Systems by 3.04% during the most recent quarter end. The investment management company now holds a total of 429,167 shares of Citrix Systems which is valued at $36,904,070 after selling 13,433 shares in Citrix Systems , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Citrix Systems makes up approximately 0.79% of First Quadrant L Pca’s portfolio.

Other Hedge Funds, Including , Capital One National Association reduced its stake in CTXS by selling 50 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 2,705 shares of CTXS which is valued at $232,603. Citrix Systems makes up approx 0.02% of Capital One National Association’s portfolio.Independent Portfolio Consultants reduced its stake in CTXS by selling 15 shares or 9.38% in the most recent quarter. The Hedge Fund company now holds 145 shares of CTXS which is valued at $12,286.Mai Capital Management reduced its stake in CTXS by selling 805 shares or 4.8% in the most recent quarter. The Hedge Fund company now holds 15,965 shares of CTXS which is valued at $1,352,714. Citrix Systems makes up approx 0.11% of Mai Capital Management’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 Mizuho on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .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 .

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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