The Manufacturers Life Insurance Company trimmed its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179,564 shares of the cloud computing company’s stock after selling 1,413 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.12% of Citrix Systems worth $14,290,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of CTXS. Arrowstreet Capital Limited Partnership boosted its stake in Citrix Systems by 22.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock valued at $87,588,000 after buying an additional 200,291 shares in the last quarter. Artemis Investment Management LLP bought a new position in Citrix Systems during the second quarter valued at about $9,003,000. Eqis Capital Management Inc. boosted its stake in Citrix Systems by 10.8% during the second quarter. Eqis Capital Management Inc. now owns 16,216 shares of the cloud computing company’s stock valued at $1,290,000 after buying an additional 1,579 shares in the last quarter. Banque Pictet & Cie SA boosted its stake in Citrix Systems by 2.4% during the second quarter. Banque Pictet & Cie SA now owns 81,753 shares of the cloud computing company’s stock valued at $6,506,000 after buying an additional 1,916 shares in the last quarter. Finally, Elliott Management Corp boosted its stake in Citrix Systems by 5.7% during the first quarter. Elliott Management Corp now owns 7,091,000 shares of the cloud computing company’s stock valued at $591,318,000 after buying an additional 384,456 shares in the last quarter. 93.00% of the stock is currently owned by institutional investors.
Citrix Systems, Inc. (NASDAQ CTXS) traded up 1.85% during midday trading on Friday, hitting $82.70. The stock had a trading volume of 1,966,798 shares. The firm has a market cap of $12.53 billion, a P/E ratio of 27.86 and a beta of 1.49. The stock has a 50-day moving average of $78.73 and a 200-day moving average of $80.29. Citrix Systems, Inc. has a 52 week low of $65.56 and a 52 week high of $87.99.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The company had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $691.61 million. During the same quarter in the previous year, the firm posted $1.32 EPS. Citrix Systems’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that Citrix Systems, Inc. will post $4.79 EPS for the current fiscal year.
Several brokerages recently weighed in on CTXS. Citigroup Inc. decreased their target price on Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus decreased their target price on Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday. Mizuho reiterated a “buy” rating and issued a $94.00 price target (up previously from $92.00) on shares of Citrix Systems in a research report on Wednesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a research report on Tuesday, October 10th. Finally, Robert W. Baird set a $90.00 price target on Citrix Systems and gave the company a “buy” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and a consensus target price of $88.00.
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About Citrix Systems
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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