Citrix Systems (CTXS) : Permian Investment Partners Lp added new position in Citrix Systems during the most recent quarter end. The investment management firm now holds 30,200 shares of Citrix Systems which is valued at $2,632,232 , the company said in a statement filed on Aug 15, 2016 with the SEC.Citrix Systems makes up approximately 0.36% of Permian Investment Partners Lp’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.Bayesian Capital Management Lp boosted its stake in CTXS in the latest quarter, The investment management firm added 5,971 additional shares and now holds a total of 11,000 shares of Citrix Systems which is valued at $958,760. Citrix Systems makes up approx 0.54% of Bayesian Capital Management Lp’s portfolio. Exane Derivatives added CTXS to its portfolio by purchasing 213 company shares during the most recent quarter which is valued at $18,065.Chicago Equity Partners boosted its stake in CTXS in the latest quarter, The investment management firm added 87,545 additional shares and now holds a total of 188,753 shares of Citrix Systems which is valued at $16,823,555. Citrix Systems makes up approx 0.47% of Chicago Equity Partners’s portfolio.
Citrix Systems closed down -0.32 points or -0.37% at $87.22 with 709,170 shares getting traded on Wednesday. Post opening the session at $87.57, the shares hit an intraday low of $86.89 and an intraday high of $87.74 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. 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.