BTIM Corp. Has $2.68 Million Position in Citrix Systems, Inc. (NASDAQ:CTXS)
BTIM Corp. boosted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,670 shares of the cloud computing company’s stock after buying an additional 225 shares during the period. BTIM Corp.’s holdings in Citrix Systems were worth $2,679,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CTXS. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Citrix Systems during the fourth quarter valued at about $27,024,000. Quadrant Capital Group LLC boosted its stake 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. YorkBridge Wealth Partners LLC boosted its stake in shares of Citrix Systems by 75.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,562 shares of the cloud computing company’s stock worth $127,000 after buying an additional 672 shares in the last quarter. Fifth Third Bancorp boosted its stake 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 worth $152,000 after buying an additional 171 shares in the last quarter. Finally, Greenwood Capital Associates LLC bought a new stake in shares of Citrix Systems during the first quarter worth $200,000. 97.63% of the stock is owned by institutional investors.
Citrix Systems, Inc. (NASDAQ CTXS) opened at 81.86 on Monday. The company has a 50-day moving average price of $80.84 and a 200-day moving average price of $80.42. The stock has a market cap of $12.37 billion, a PE ratio of 26.95 and a beta of 1.49. Citrix Systems, Inc. has a 52 week low of $64.11 and a 52 week high of $87.99.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.10. The business had revenue of $662.70 million during the quarter, compared to the consensus estimate of $664.16 million. Citrix Systems had a return on equity of 31.02% and a net margin of 14.75%. Citrix Systems’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share. Analysts anticipate that Citrix Systems, Inc. will post $4.64 earnings per share for the current year.
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A number of brokerages recently weighed in on CTXS. Robert W. Baird upgraded shares of Citrix Systems from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $90.00 in a research note on Thursday, April 27th. MKM Partners lifted their price objective on shares of Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research note on Monday, April 24th. Berenberg Bank began coverage on shares of Citrix Systems in a research note on Tuesday, April 4th. They set a “buy” rating and a $98.00 price objective on the stock. Finally, Jefferies Group LLC cut their price objective 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. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus 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.
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