Globeflex Capital L P grew its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 20.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,676 shares of the cloud computing company’s stock after purchasing an additional 5,480 shares during the quarter. Citrix Systems comprises approximately 0.6% of Globeflex Capital L P’s investment portfolio, making the stock its 19th biggest position. Globeflex Capital L P’s holdings in Citrix Systems were worth $2,521,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of CTXS. Fifth Third Bancorp grew its position in shares of Citrix Systems by 10.3% in the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock valued at $152,000 after purchasing an additional 171 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Citrix Systems in the first quarter valued at approximately $200,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Citrix Systems in the first quarter valued at approximately $225,000. New Amsterdam Partners LLC NY acquired a new position in shares of Citrix Systems in the second quarter valued at approximately $231,000. Finally, Atria Investments LLC acquired a new position in shares of Citrix Systems in the second quarter valued at approximately $235,000. 93.62% of the stock is currently owned by institutional investors.
CTXS has been the topic of several research reports. MKM Partners reaffirmed a “buy” rating and issued a $90.00 target price (down previously from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating and set a $90.00 price target (up previously from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “sell” rating and set a $61.00 price target on shares of Citrix Systems in a research report on Friday, August 11th. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a research report on Monday, September 4th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $89.25.
Shares of Citrix Systems, Inc. (CTXS) traded down 0.07% on Friday, hitting $76.23. The stock had a trading volume of 2,411,874 shares. The company has a market capitalization of $11.55 billion, a PE ratio of 25.68 and a beta of 1.48. Citrix Systems, Inc. has a 1-year low of $64.79 and a 1-year high of $87.99. The firm has a 50-day moving average of $76.40 and a 200 day moving average of $80.78.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $690.83 million. During the same quarter last year, the firm posted $1.20 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate 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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