Strategic Global Advisors LLC reduced its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 16.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,414 shares of the cloud computing company’s stock after selling 4,150 shares during the quarter. Strategic Global Advisors LLC’s holdings in Citrix Systems were worth $1,704,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CTXS. Bank of Montreal Can lifted its stake in shares of Citrix Systems by 35.6% in the second quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock worth $400,799,000 after acquiring an additional 1,321,350 shares during the period. BT Investment Management Ltd acquired a new position in shares of Citrix Systems in the second quarter worth approximately $93,653,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of Citrix Systems in the first quarter worth approximately $89,128,000. Marshall Wace North America L.P. acquired a new position in shares of Citrix Systems in the first quarter worth approximately $89,128,000. Finally, Schroder Investment Management Group lifted its stake in shares of Citrix Systems by 224.0% in the first quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock worth $109,459,000 after acquiring an additional 899,730 shares during the period. 93.63% of the stock is currently owned by institutional investors.
CTXS has been the topic of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “sell” rating and issued a $61.00 price objective on shares of Citrix Systems in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Citrix Systems in a research note on Monday, July 31st. MKM Partners reaffirmed a “buy” rating and issued a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. BidaskClub lowered Citrix Systems from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Citrix Systems has an average rating of “Hold” and a consensus target price of $89.25.
Citrix Systems, Inc. (NASDAQ CTXS) traded down 0.54% during midday trading on Friday, hitting $76.22. The stock had a trading volume of 2,891,393 shares. Citrix Systems, Inc. has a 12 month low of $64.79 and a 12 month high of $87.99. The company has a market cap of $11.55 billion, a P/E ratio of 25.68 and a beta of 1.48. The firm’s 50-day moving average price is $76.56 and its 200 day moving average price is $80.82.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the Zacks’ 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 $693.00 million for the quarter, compared to the consensus estimate of $690.83 million. During the same period last year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts expect that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.
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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