M&T Bank Corp Increases Stake in Citrix Systems, Inc. (NASDAQ:CTXS)

M&T Bank Corp boosted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,630 shares of the cloud computing company’s stock after acquiring an additional 290 shares during the quarter. M&T Bank Corp’s holdings in Citrix Systems were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CTXS. Prospera Financial Services Inc purchased a new position in Citrix Systems during the first quarter valued at approximately $31,000. Glassman Wealth Services raised its position in Citrix Systems by 326.7% during the second quarter. Glassman Wealth Services now owns 431 shares of the cloud computing company’s stock valued at $42,000 after acquiring an additional 330 shares in the last quarter. Covestor Ltd increased its position in shares of Citrix Systems by 81.9% in the first quarter. Covestor Ltd now owns 593 shares of the cloud computing company’s stock valued at $60,000 after buying an additional 267 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Citrix Systems by 25.7% in the first quarter. Clearstead Advisors LLC now owns 700 shares of the cloud computing company’s stock valued at $71,000 after buying an additional 143 shares in the last quarter. Finally, Hardy Reed LLC purchased a new stake in shares of Citrix Systems in the first quarter valued at approximately $81,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Citrix Systems in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.00.

Citrix Systems Stock Performance

Shares of NASDAQ:CTXS opened at $103.90 on Friday. The company has a debt-to-equity ratio of 3.92, a current ratio of 0.82 and a quick ratio of 0.81. The business’s 50 day moving average price is $103.79 and its 200-day moving average price is $101.50. The firm has a market capitalization of $13.18 billion, a PE ratio of 40.12 and a beta of 0.08. Citrix Systems, Inc. has a 1 year low of $78.07 and a 1 year high of $108.84.

About Citrix Systems

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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

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

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