HL Financial Services LLC Sells 199 Shares of Citrix Systems, Inc. (NASDAQ:CTXS)

HL Financial Services LLC decreased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,538 shares of the cloud computing company’s stock after selling 199 shares during the period. HL Financial Services LLC’s holdings in Citrix Systems were worth $679,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. BTIM Corp. raised its stake in shares of Citrix Systems by 1.7% in the first quarter. BTIM Corp. now owns 33,445 shares of the cloud computing company’s stock worth $2,788,000 after buying an additional 570 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Citrix Systems by 4.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,159 shares of the cloud computing company’s stock worth $324,000 after buying an additional 183 shares during the period. V Wealth Management LLC raised its stake in shares of Citrix Systems by 3.2% in the first quarter. V Wealth Management LLC now owns 18,589 shares of the cloud computing company’s stock worth $1,557,000 after buying an additional 576 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Citrix Systems during the first quarter worth about $380,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Citrix Systems by 4.3% in the first quarter. Nisa Investment Advisors LLC now owns 67,837 shares of the cloud computing company’s stock worth $5,657,000 after buying an additional 2,826 shares during the period. Institutional investors own 97.21% of the company’s stock.

Citrix Systems, Inc. (NASDAQ CTXS) opened at 74.61 on Friday. Citrix Systems, Inc. has a 52-week low of $64.18 and a 52-week high of $87.99. The firm has a 50-day moving average price of $79.66 and a 200 day moving average price of $80.99. The stock has a market cap of $11.30 billion, a PE ratio of 25.14 and a beta of 1.49.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.02. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business had revenue of $693 million for the quarter, compared to analyst estimates of $690.83 million. During the same quarter last year, the firm posted $1.20 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.

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A number of brokerages have issued reports on CTXS. MKM Partners boosted their price target on shares of Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Robert W. Baird upgraded shares of Citrix Systems from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $85.00 to $90.00 in a research note on Thursday, April 27th. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research note on Monday, April 24th. Jefferies Group LLC cut their target price on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating on the stock in a research note on Friday, April 28th. Finally, Deutsche Bank AG cut their target price on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and an average target price of $89.25.

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.

Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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