First Citizens Bank & Trust Co. raised its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 20.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,313 shares of the cloud computing company’s stock after buying an additional 5,203 shares during the period. First Citizens Bank & Trust Co.’s holdings in Citrix Systems were worth $2,412,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. DnB Asset Management AS increased its stake in shares of Citrix Systems by 19.4% in the first quarter. DnB Asset Management AS now owns 17,208 shares of the cloud computing company’s stock worth $1,435,000 after buying an additional 2,800 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of 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 in the last quarter. National Pension Service increased its stake in shares of 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 in the last quarter. Quadrant Capital Group LLC increased its stake in shares of 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 in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of 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 in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.
Citrix Systems, Inc. (NASDAQ CTXS) traded up 0.77% during trading on Tuesday, reaching $82.21. The company’s stock had a trading volume of 400,645 shares. The company has a 50-day moving average of $80.76 and a 200 day moving average of $80.63. Citrix Systems, Inc. has a one year low of $64.11 and a one year high of $87.99. The firm has a market cap of $12.43 billion, a PE ratio of 27.06 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.10. Citrix Systems had a net margin of 14.75% and a return on equity of 31.02%. The firm had revenue of $662.70 million for the quarter, compared to analysts’ expectations of $664.16 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Citrix Systems, Inc. will post $4.64 EPS for the current fiscal year.
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A number of equities research analysts have weighed in on the company. MKM Partners raised their target price on Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Robert W. Baird raised Citrix Systems from a “neutral” rating to an “outperform” rating and raised their target price for the company from $85.00 to $90.00 in a report on Thursday, April 27th. Zacks Investment Research raised Citrix Systems from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Berenberg Bank assumed coverage on Citrix Systems in a report on Tuesday, April 4th. They issued a “buy” rating and a $98.00 target price on the stock. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently 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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