Legg Mason Asset Management (japan) Ltd. Lowers stake in Citrix Systems (CTXS)

Citrix Systems (CTXS) : Legg Mason Asset Management (japan) Ltd. reduced its stake in Citrix Systems by 2.42% during the most recent quarter end. The investment management company now holds a total of 12,100 shares of Citrix Systems which is valued at $1,054,636 after selling 300 shares in Citrix Systems , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Citrix Systems makes up approximately 1.07% of Legg Mason Asset Management (japan) Ltd.’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership reduced its stake in CTXS by selling 247,017 shares or 60.41% in the most recent quarter. The Hedge Fund company now holds 161,864 shares of CTXS which is valued at $14,108,066. Citrix Systems makes up approx 0.06% of Arrowstreet Capital Limited Partnership’s portfolio. First Interstate Bank sold out all of its stake in CTXS during the most recent quarter. The investment firm sold 1,075 shares of CTXS which is valued $93,719.Trillium Asset Management boosted its stake in CTXS in the latest quarter, The investment management firm added 3,421 additional shares and now holds a total of 138,423 shares of Citrix Systems which is valued at $12,337,642. Citrix Systems makes up approx 0.78% of Trillium Asset Management’s portfolio.Meeder Asset Management Inc boosted its stake in CTXS in the latest quarter, The investment management firm added 3,713 additional shares and now holds a total of 12,903 shares of Citrix Systems which is valued at $1,123,593. Citrix Systems makes up approx 0.10% of Meeder Asset Management Inc’s portfolio.Gavekal Capital boosted its stake in CTXS in the latest quarter, The investment management firm added 14,459 additional shares and now holds a total of 106,538 shares of Citrix Systems which is valued at $9,277,329. Citrix Systems makes up approx 2.75% of Gavekal Capital’s portfolio.

Citrix Systems opened for trading at $86.94 and hit $87.98 on the upside on Thursday, eventually ending the session at $87.28, with a gain of 0.09% or 0.08 points. The heightened volatility saw the trading volume jump to 11,24,185 shares. Company has a market cap of $13,592 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. 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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