Exxonmobil Investment Management Inc. TX reduced its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 16.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,020 shares of the cloud computing company’s stock after selling 5,700 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Citrix Systems were worth $2,309,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CTXS. National Pension Service increased its position 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 in the last quarter. Quadrant Capital Group LLC increased its position 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. Gulf International Bank UK Ltd increased its position in shares of Citrix Systems by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 48,935 shares of the cloud computing company’s stock worth $4,080,000 after buying an additional 600 shares in the last quarter. Creative Planning increased its position in shares of Citrix Systems by 12.4% in the first quarter. Creative Planning now owns 3,181 shares of the cloud computing company’s stock worth $265,000 after buying an additional 351 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Citrix Systems by 14.3% in the first quarter. Raymond James Trust N.A. now owns 3,604 shares of the cloud computing company’s stock worth $300,000 after buying an additional 452 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

Citrix Systems, Inc. (NASDAQ:CTXS) opened at 81.43 on Tuesday. The company’s 50-day moving average is $82.16 and its 200-day moving average is $79.60. Citrix Systems, Inc. has a one year low of $64.11 and a one year high of $87.99. The firm has a market cap of $12.31 billion, a PE ratio of 26.80 and a beta of 1.49.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.10. Citrix Systems had a net margin of 14.75% and a return on equity of 31.02%. The firm had revenue of $662.70 million during the quarter, compared to analyst estimates of $664.16 million. During the same quarter last year, the business earned $1.18 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Citrix Systems, Inc. will post $4.64 earnings per share for the current fiscal year.

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A number of equities analysts have weighed in on the stock. MKM Partners boosted their target price 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 raised shares of Citrix Systems from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $85.00 to $90.00 in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Berenberg Bank assumed coverage on shares of Citrix Systems in a research note on Tuesday, April 4th. They issued a “buy” rating and a $98.00 target price for the company. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a research note on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $92.02.

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

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