Steward Partners Investment Advisory LLC decreased its position in Citrix Systems, Inc. (NASDAQ:CTXS – Get Rating) by 47.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 597 shares of the cloud computing company’s stock after selling 541 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Citrix Systems were worth $60,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Covestor Ltd acquired a new stake in Citrix Systems in the fourth quarter valued at approximately $31,000. Richelieu Gestion PLC acquired a new stake in Citrix Systems in the first quarter valued at approximately $40,000. Itau Unibanco Holding S.A. grew its position in Citrix Systems by 74.8% in the fourth quarter. Itau Unibanco Holding S.A. now owns 514 shares of the cloud computing company’s stock valued at $49,000 after acquiring an additional 220 shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in Citrix Systems in the fourth quarter valued at approximately $52,000. Finally, Clearstead Advisors LLC grew its position in Citrix Systems by 161.5% in the fourth quarter. Clearstead Advisors LLC now owns 557 shares of the cloud computing company’s stock valued at $53,000 after acquiring an additional 344 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Citrix Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 30th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.80.
Citrix Systems Stock Performance
Citrix Systems (NASDAQ:CTXS – Get Rating) last released its earnings results on Thursday, May 5th. The cloud computing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.52 by $0.29. Citrix Systems had a return on equity of 67.78% and a net margin of 9.97%. The company had revenue of $825.34 million during the quarter, compared to analysts’ expectations of $795.00 million.
Citrix Systems Profile
Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.
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