Mn Services Vermogensbeheer B.V. increased its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 510.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,384 shares of the cloud computing company’s stock after buying an additional 21,225 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Citrix Systems were worth $2,020,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in CTXS. Capstone Asset Management Co. raised its position in Citrix Systems by 1.7% in the first quarter. Capstone Asset Management Co. now owns 44,399 shares of the cloud computing company’s stock worth $3,702,000 after buying an additional 726 shares during the last quarter. National Pension Service raised its position in Citrix Systems by 8.3% in the first quarter. National Pension Service now owns 148,208 shares of the cloud computing company’s stock worth $12,466,000 after buying an additional 11,333 shares during the last quarter. Quadrant Capital Group LLC raised its position in Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock worth $113,000 after buying an additional 35 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Citrix Systems by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 48,935 shares of the cloud computing company’s stock worth $4,080,000 after buying an additional 600 shares during the last quarter. Finally, Creative Planning raised its position in Citrix Systems by 12.4% in the first quarter. Creative Planning now owns 3,181 shares of the cloud computing company’s stock worth $265,000 after buying an additional 351 shares during the last quarter. 97.58% of the stock is owned by institutional investors.
Citrix Systems, Inc. (NASDAQ:CTXS) opened at 82.58 on Friday. The stock’s 50 day moving average price is $80.84 and its 200 day moving average price is $80.42. Citrix Systems, Inc. has a 12-month low of $64.18 and a 12-month high of $87.99. The company has a market capitalization of $12.48 billion, a PE ratio of 27.18 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $662.70 million for the quarter, compared to analyst estimates of $664.16 million. Citrix Systems had a net margin of 14.75% and a return on equity of 31.02%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. On average, equities analysts anticipate that Citrix Systems, Inc. will post $4.64 EPS for the current fiscal year.
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A number of research analysts have commented on the company. Berenberg Bank assumed coverage on Citrix Systems in a research report on Tuesday, April 4th. They set a “buy” rating and a $98.00 price target for the company. BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Zacks Investment Research upgraded Citrix Systems from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Deutsche Bank AG reduced their target price on Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Finally, Robert W. Baird upgraded Citrix Systems from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $90.00 in a report on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Citrix Systems presently has an average rating of “Hold” and an average price target of $92.02.
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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