Aperio Group LLC Has $11.69 Million Stake in Citrix Systems, Inc. (CTXS)

Aperio Group LLC boosted its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 18.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,877 shares of the cloud computing company’s stock after buying an additional 22,835 shares during the period. Aperio Group LLC owned about 0.10% of Citrix Systems worth $11,688,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTXS. Quadrant Capital Group LLC raised 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. Blair William & Co. IL increased its stake in Citrix Systems by 0.6% in the first quarter. Blair William & Co. IL now owns 7,987 shares of the cloud computing company’s stock worth $658,000 after buying an additional 49 shares during the last quarter. Cleararc Capital Inc. increased its stake in Citrix Systems by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the cloud computing company’s stock worth $321,000 after buying an additional 58 shares during the last quarter. Clean Yield Group increased its stake in Citrix Systems by 0.9% in the first quarter. Clean Yield Group now owns 7,739 shares of the cloud computing company’s stock worth $645,000 after buying an additional 70 shares during the last quarter. Finally, Creative Planning increased its stake in Citrix Systems by 2.5% in the second quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock worth $259,000 after buying an additional 78 shares during the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) traded down 0.63% on Wednesday, hitting $79.11. 1,941,477 shares of the stock traded hands. The stock has a 50 day moving average of $80.46 and a 200-day moving average of $80.96. Citrix Systems, Inc. has a 1-year low of $64.11 and a 1-year high of $87.99. The stock has a market cap of $11.96 billion, a PE ratio of 26.04 and a beta of 1.49.

A number of research firms recently commented on CTXS. Jefferies Group LLC dropped their target price on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating on the stock in a report on Friday, April 28th. BidaskClub lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Berenberg Bank started coverage on shares of Citrix Systems in a research note on Tuesday, April 4th. They issued a “buy” rating and a $98.00 price objective on the stock. Deutsche Bank AG decreased their target price on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research report on Monday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $91.58.

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.