First Quadrant L P CA lowered its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 52.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,766 shares of the cloud computing company’s stock after selling 155,649 shares during the period. First Quadrant L P CA owned 0.09% of Citrix Systems worth $11,202,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CTXS. Vanguard Group Inc. boosted its position in shares of Citrix Systems by 2.2% in the first quarter. Vanguard Group Inc. now owns 14,743,592 shares of the cloud computing company’s stock worth $1,229,468,000 after buying an additional 317,385 shares during the last quarter. Elliott Management Corp boosted its position in shares of Citrix Systems by 5.7% in the first quarter. Elliott Management Corp now owns 7,091,000 shares of the cloud computing company’s stock worth $591,318,000 after buying an additional 384,456 shares during the last quarter. Bank of Montreal Can boosted its position 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 buying an additional 1,321,350 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Citrix Systems by 24.5% in the first quarter. First Trust Advisors LP now owns 2,241,683 shares of the cloud computing company’s stock worth $186,934,000 after buying an additional 441,783 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its position in shares of Citrix Systems by 40.7% in the first quarter. Nomura Holdings Inc. now owns 2,023,103 shares of the cloud computing company’s stock worth $168,767,000 after buying an additional 584,905 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.

Citrix Systems, Inc. (CTXS) traded down 0.33% on Friday, hitting $82.31. The stock had a trading volume of 123,853 shares. Citrix Systems, Inc. has a one year low of $64.18 and a one year high of $87.99. The company has a market cap of $12.44 billion, a PE ratio of 27.09 and a beta of 1.49. The stock has a 50-day moving average of $80.84 and a 200-day moving average of $80.42.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.10. Citrix Systems had a return on equity of 31.02% and a net margin of 14.75%. The business had revenue of $662.70 million during the quarter, compared to analysts’ expectations of $664.16 million. During the same quarter last year, the business posted $1.18 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts expect 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 recently commented on CTXS shares. Jefferies Group LLC reaffirmed a “sell” rating and issued a $62.00 target price on shares of Citrix Systems in a report on Friday, April 7th. 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 report on Friday, April 28th. Zacks Investment Research raised shares of Citrix Systems from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Berenberg Bank started coverage on shares of Citrix Systems in a report on Tuesday, April 4th. They issued a “buy” rating and a $98.00 target price on the stock. Finally, MKM Partners lifted their target price on shares of Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $92.02.

Citrix Systems Company Profile

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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