Hudson Valley Investment Advisors Inc. ADV reduced its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 38.6% during the first quarter, Holdings Channel reports. The institutional investor owned 14,055 shares of the cloud computing company’s stock after selling 8,850 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Citrix Systems were worth $1,172,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CTXS. Norges Bank purchased a new stake in shares of Citrix Systems during the fourth quarter worth approximately $152,520,000. Nordea Investment Management AB raised its stake in shares of Citrix Systems by 70.2% in the third quarter. Nordea Investment Management AB now owns 3,259,636 shares of the cloud computing company’s stock worth $277,786,000 after buying an additional 1,344,047 shares in the last quarter. Westpac Banking Corp raised its stake in shares of Citrix Systems by 687.1% in the third quarter. Westpac Banking Corp now owns 1,203,424 shares of the cloud computing company’s stock worth $102,556,000 after buying an additional 1,050,527 shares in the last quarter. FMR LLC raised its stake in shares of Citrix Systems by 8.9% in the fourth quarter. FMR LLC now owns 5,831,454 shares of the cloud computing company’s stock worth $520,808,000 after buying an additional 475,699 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Citrix Systems during the fourth quarter worth approximately $35,308,000. Hedge funds and other institutional investors own 95.94% of the company’s stock.

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

Citrix Systems, Inc. (NASDAQ:CTXS) traded down 0.69% on Friday, reaching $83.09. The company had a trading volume of 1,297,129 shares. The company’s 50-day moving average is $82.45 and its 200-day moving average is $74.43. The company has a market capitalization of $12.99 billion, a PE ratio of 24.37 and a beta of 1.63. Citrix Systems, Inc. has a 52-week low of $60.65 and a 52-week high of $87.99.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, January 25th. The cloud computing company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.35. The firm earned $908.40 million during the quarter, compared to analyst estimates of $900.97 million. Citrix Systems had a return on equity of 31.96% and a net margin of 15.68%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 earnings per share. Equities analysts anticipate that Citrix Systems, Inc. will post $4.65 EPS for the current fiscal year.

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Several equities research analysts have commented on the company. Jefferies Group LLC restated a “sell” rating and issued a $71.00 price objective on shares of Citrix Systems in a research report on Wednesday, January 18th. Bank of America Corp lowered Citrix Systems from a “buy” rating to a “neutral” rating and set a $91.00 price objective on the stock. in a research report on Wednesday, March 15th. They noted that the move was a valuation call. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 31st. Citigroup Inc lowered their price objective on Citrix Systems to $113.00 and set a “buy” rating on the stock in a research report on Thursday, January 26th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Citrix Systems in a research report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $91.96.

In other Citrix Systems news, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $89.91, for a total transaction of $89,910.00. Following the completion of the sale, the director now directly owns 10,276 shares in the company, valued at $923,915.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Timothy A. Minahan sold 14,886 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $82.00, for a total value of $1,220,652.00. Following the sale, the chief marketing officer now owns 64,566 shares of the company’s stock, valued at $5,294,412. The disclosure for this sale can be found here. Insiders sold 19,639 shares of company stock valued at $1,620,028 over the last quarter. Insiders own 0.48% of the company’s stock.

About Citrix Systems

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.

5 Day Chart for NASDAQ:CTXS

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