Citrix Systems, Inc. (NASDAQ:CTXS) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. trimmed its holdings in Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) by 57.0% during the first quarter, Holdings Channel reports. The institutional investor owned 429,450 shares of the cloud computing company’s stock after selling 569,510 shares during the period. Nomura Holdings Inc.’s holdings in Citrix Systems were worth $43,569,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Citrix Systems in the 1st quarter worth about $9,168,000. Gamco Investors INC. ET AL acquired a new stake in Citrix Systems in the 1st quarter worth about $1,312,000. Walleye Capital LLC acquired a new stake in Citrix Systems in the 1st quarter worth about $2,505,000. Wealthfront Advisers LLC boosted its stake in Citrix Systems by 11.4% in the 1st quarter. Wealthfront Advisers LLC now owns 3,619 shares of the cloud computing company’s stock worth $365,000 after buying an additional 369 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in Citrix Systems in the 1st quarter worth about $8,331,000. 87.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, lowered Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 30th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $89.80.

Citrix Systems Stock Performance

Shares of NASDAQ:CTXS opened at $103.53 on Wednesday. The company has a market cap of $13.14 billion, a P/E ratio of 39.97 and a beta of 0.08. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.81 and a current ratio of 0.82. Citrix Systems, Inc. has a one year low of $78.07 and a one year high of $115.00. The business’s 50-day simple moving average is $102.24 and its 200 day simple moving average is $100.75.

Citrix Systems Company Profile

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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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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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