Cubist Systematic Strategies LLC increased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 121.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,974 shares of the cloud computing company’s stock after purchasing an additional 4,922 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Citrix Systems were worth $714,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Artemis Investment Management LLP bought a new position in Citrix Systems during the second quarter worth about $9,003,000. Eqis Capital Management Inc. lifted its holdings in shares of Citrix Systems by 10.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 16,216 shares of the cloud computing company’s stock valued at $1,290,000 after purchasing an additional 1,579 shares in the last quarter. Banque Pictet & Cie SA lifted its holdings in shares of Citrix Systems by 2.4% during the 2nd quarter. Banque Pictet & Cie SA now owns 81,753 shares of the cloud computing company’s stock valued at $6,506,000 after purchasing an additional 1,916 shares in the last quarter. Elliott Management Corp lifted its holdings in shares of Citrix Systems by 5.7% during the 1st quarter. Elliott Management Corp now owns 7,091,000 shares of the cloud computing company’s stock valued at $591,318,000 after purchasing an additional 384,456 shares in the last quarter. Finally, GAM Holding AG lifted its holdings in shares of Citrix Systems by 17.1% during the 2nd quarter. GAM Holding AG now owns 32,098 shares of the cloud computing company’s stock valued at $2,554,000 after purchasing an additional 4,697 shares in the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.
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Several equities analysts have recently weighed in on the company. BidaskClub cut Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Stifel Nicolaus reiterated a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research note on Monday, July 31st. Robert W. Baird set a $90.00 target price on Citrix Systems and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $89.46.
Citrix Systems, Inc. (CTXS) traded down 0.26% during mid-day trading on Friday, reaching $80.99. The company had a trading volume of 119,047 shares. The stock has a 50-day moving average of $78.73 and a 200 day moving average of $80.29. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 27.29 and a beta of 1.49. Citrix Systems, Inc. has a 12-month low of $65.56 and a 12-month high of $87.99.
Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.18. Citrix Systems had a return on equity of 31.02% and a net margin of 15.67%. The business had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. During the same period last year, the business posted $1.32 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect that Citrix Systems, Inc. will post $4.63 EPS for the current year.
Citrix Systems Profile
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.
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