World Asset Management Inc lowered its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 13.6% during the second quarter, Holdings Channel reports. The firm owned 15,027 shares of the cloud computing company’s stock after selling 2,366 shares during the period. World Asset Management Inc’s holdings in Citrix Systems were worth $1,196,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in CTXS. Capstone Asset Management Co. boosted 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 during the period. Canada Pension Plan Investment Board boosted its stake in shares of Citrix Systems by 545.3% in the first quarter. Canada Pension Plan Investment Board now owns 284,371 shares of the cloud computing company’s stock worth $23,714,000 after buying an additional 240,300 shares during the period. National Pension Service boosted 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 during the period. Seizert Capital Partners LLC bought a new stake in shares of Citrix Systems during the first quarter worth approximately $34,152,000. Finally, Renaissance Group LLC boosted its stake in shares of Citrix Systems by 20.5% in the first quarter. Renaissance Group LLC now owns 414,268 shares of the cloud computing company’s stock worth $34,546,000 after buying an additional 70,484 shares during the period. Hedge funds and other institutional investors own 97.35% of the company’s stock.
Citrix Systems, Inc. (NASDAQ CTXS) opened at 78.16 on Friday. Citrix Systems, Inc. has a one year low of $64.11 and a one year high of $87.99. The company has a 50-day moving average price of $80.46 and a 200-day moving average price of $80.96. The firm has a market cap of $12.20 billion, a PE ratio of 26.33 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by $0.02. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The company had revenue of $693 million for the quarter, compared to analysts’ expectations of $690.83 million. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.
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A number of equities research analysts have commented on CTXS shares. Jefferies Group LLC reiterated a “sell” rating and set a $62.00 target price on shares of Citrix Systems in a report on Friday, April 7th. Deutsche Bank AG lowered 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. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a report on Monday, July 31st. MKM Partners increased 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. Finally, BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $90.13.
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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