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Technology

IFM Investors Pty Ltd Has $2.04 Million Stock Holdings in Citrix Systems, Inc. (NASDAQ:CTXS)



IFM Investors Pty Ltd raised its position in Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) by 18.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,206 shares of the cloud computing company’s stock after purchasing an additional 3,115 shares during the period. IFM Investors Pty Ltd’s holdings in Citrix Systems were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd acquired a new position in Citrix Systems in the 4th quarter valued at $31,000. Concord Wealth Partners acquired a new stake in shares of Citrix Systems during the 4th quarter worth $39,000. Itau Unibanco Holding S.A. grew its holdings in shares of Citrix Systems by 74.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 514 shares of the cloud computing company’s stock worth $49,000 after purchasing an additional 220 shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in shares of Citrix Systems during the 4th quarter worth $52,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Citrix Systems by 161.5% during the 4th quarter. Clearstead Advisors LLC now owns 557 shares of the cloud computing company’s stock worth $53,000 after purchasing an additional 344 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com initiated coverage on Citrix Systems in a report on Thursday, March 31st. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Citrix Systems has an average rating of “Hold” and a consensus target price of $94.83.

NASDAQ:CTXS opened at $97.93 on Friday. The stock’s 50-day simple moving average is $98.82 and its 200 day simple moving average is $99.51. The firm has a market capitalization of $12.40 billion, a PE ratio of 44.72 and a beta of 0.04. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 4.86. Citrix Systems, Inc. has a twelve month low of $78.07 and a twelve month high of $119.07.

Citrix Systems Profile (Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding CTXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citrix Systems, Inc. (NASDAQ:CTXSGet Rating).

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



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