First Mercantile Trust Co Lowers stake in Citrix Systems (CTXS)

Citrix Systems (CTXS) : First Mercantile Trust Co reduced its stake in Citrix Systems by 17.39% during the most recent quarter end. The investment management company now holds a total of 9,500 shares of Citrix Systems which is valued at $800,850 after selling 2,000 shares in Citrix Systems , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Citrix Systems makes up approximately 0.11% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in CTXS by selling 385 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 39,763 shares of CTXS which is valued at $3,352,021. Citrix Systems makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.Chevy Chase Trust Holdings reduced its stake in CTXS by selling 2,549 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 129,948 shares of CTXS which is valued at $11,040,382. Citrix Systems makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Independent Portfolio Consultants reduced its stake in CTXS by selling 10 shares or 6.9% in the most recent quarter. The Hedge Fund company now holds 135 shares of CTXS which is valued at $11,470.Eqis Capital Management reduced its stake in CTXS by selling 1,346 shares or 8.09% in the most recent quarter. The Hedge Fund company now holds 15,283 shares of CTXS which is valued at $1,298,444. Citrix Systems makes up approx 0.08% of Eqis Capital Management’s portfolio.Beacon Financial Group reduced its stake in CTXS by selling 346 shares or 5.58% in the most recent quarter. The Hedge Fund company now holds 5,860 shares of CTXS which is valued at $497,866. Citrix Systems makes up approx 0.10% of Beacon Financial Group’s portfolio.

Citrix Systems closed down -0.61 points or -0.72% at $84.3 with 4,71,806 shares getting traded on Friday. Post opening the session at $85.01, the shares hit an intraday low of $83.68 and an intraday high of $85.13 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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