Amalgamated Bank Sells 727 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

Amalgamated Bank cut its position in Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) by 2.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,953 shares of the cloud computing company’s stock after selling 727 shares during the quarter. Amalgamated Bank’s holdings in Citrix Systems were worth $3,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc acquired a new position in Citrix Systems in the 1st quarter valued at $31,000. Richelieu Gestion PLC acquired a new position in Citrix Systems in the 1st quarter valued at $40,000. Itau Unibanco Holding S.A. raised its holdings in Citrix Systems by 74.8% in the 4th 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. Clearstead Advisors LLC raised its holdings in Citrix Systems by 161.5% in the 4th 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. Finally, Covestor Ltd raised its holdings in Citrix Systems by 81.9% in the 1st quarter. Covestor Ltd now owns 593 shares of the cloud computing company’s stock valued at $60,000 after acquiring an additional 267 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Citrix Systems Price Performance

Citrix Systems stock opened at $103.81 on Friday. 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 52 week low of $78.07 and a 52 week high of $111.88. The stock has a market capitalization of $13.17 billion, a P/E ratio of 40.08 and a beta of 0.08. The stock has a fifty day moving average of $102.67 and a 200-day moving average of $100.84.

Analyst Ratings Changes

Separately, StockNews.com cut Citrix Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 30th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.80.

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.

See Also

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

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