Horizon Investment Services LLC Has $3.60 Million Holdings in Citrix Systems, Inc. (CTXS)
Horizon Investment Services LLC reduced its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,260 shares of the cloud computing company’s stock after selling 2,603 shares during the quarter. Citrix Systems accounts for 1.6% of Horizon Investment Services LLC’s investment portfolio, making the stock its 26th biggest holding. Horizon Investment Services LLC’s holdings in Citrix Systems were worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in Citrix Systems by 10.3% during the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock worth $152,000 after purchasing an additional 171 shares in the last quarter. Greenwood Capital Associates LLC lifted its position in Citrix Systems by 12.0% in the second quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock valued at $214,000 after purchasing an additional 289 shares during the period. ZWJ Investment Counsel Inc. acquired a new stake in Citrix Systems in the first quarter valued at about $225,000. Global X Management Co. LLC lifted its position in Citrix Systems by 18.4% in the first quarter. Global X Management Co. LLC now owns 2,877 shares of the cloud computing company’s stock valued at $240,000 after purchasing an additional 448 shares during the period. Finally, New Amsterdam Partners LLC NY acquired a new stake in Citrix Systems in the second quarter valued at about $231,000. 93.62% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on CTXS shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Citrix Systems in a report on Wednesday, August 9th. Barclays PLC reiterated an “overweight” rating and set a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. MKM Partners reissued a “buy” rating and set a $90.00 target price (down from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a report on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $90.07.
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Citrix Systems, Inc. (CTXS) traded down 0.27% during midday trading on Wednesday, reaching $78.30. The company had a trading volume of 445,765 shares. The company’s 50 day moving average is $76.32 and its 200-day moving average is $80.46. Citrix Systems, Inc. has a 52-week low of $64.79 and a 52-week high of $87.99. The company has a market capitalization of $11.86 billion, a P/E ratio of 26.38 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $690.83 million. During the same period in the previous year, the company posted $1.20 earnings per share. Citrix Systems’s revenue was up 3.0% compared to the same quarter last year. Equities analysts expect that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.
Citrix Systems Company Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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