Spire Wealth Management reduces holdings in Citrix Systems, Inc. (NASDAQ:CTXS)
Spire Wealth Management reduced its stake in Citrix Systems, Inc. (NASDAQ: CTXS – Get Rating) by 8.2% during the first quarter, Holdings Channel reports. The institutional investor owned 1,700 shares of the cloud computing company after selling 151 shares during the quarter. Spire Wealth Management’s holdings in Citrix Systems were worth $172,000 when it last filed with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently changed their CTXS holdings. National Bank of Canada FI bought a new stake in shares of Citrix Systems in the fourth quarter worth approximately $51,029,000. Bank of Montreal Can increased its position in Citrix Systems by 72.3% during the fourth quarter. Bank of Montreal Can now owns 1,058,195 shares of the cloud computing company worth $102,020,000 after buying an additional 444,138 shares last quarter. BlackRock Inc. increased its position in Citrix Systems by 3.5% during the fourth quarter. BlackRock Inc. now owns 12,897,450 shares of the cloud computing company worth $1,219,970,000 after buying an additional 431,459 shares last quarter. First Trust Advisors LP increased its position in Citrix Systems by 13.2% during the fourth quarter. First Trust Advisors LP now owns 3,434,956 shares of the cloud computing company worth $324,912,000 after buying 399,736 more shares last quarter. Finally, Hawk Ridge Capital Management LP purchased a new position in Citrix Systems during the fourth quarter worth approximately $23,695,000. Hedge funds and other institutional investors own 90.28% of the company’s shares.
The NASDAQ CTXS opened at $97.93 on Tuesday. The company has a market capitalization of $12.40 billion, a PE ratio of 44.72 and a beta of 0.06. The stock’s 50-day simple moving average is $98.76 and its 200-day simple moving average is $99.82. Citrix Systems, Inc. has a 1-year minimum of $78.07 and a 1-year maximum of $119.07. The company has a debt ratio of 4.86, a current ratio of 0.74 and a quick ratio of 0.73.
Separately, StockNews.com began covering Citrix Systems in a research report on Thursday, March 31. They set a “buy” rating on the stock. Four investment analysts have assigned the stock a sell rating, three have issued a hold rating and two have assigned the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $94.83.
Citrix Systems Profile (Get a rating)
Citrix Systems, Inc, an enterprise software company, provides workspaces, application 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 that delivers enterprise-class data services across a variety of corporate and personal mobile devices; Citrix Analytics for Security which assesses Citrix Virtual Apps and Desktops and Citrix Workspace user behavior and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access which 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 employees using unauthorized applications.
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