Canada Pension Plan Investment Board boosted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 44.9% during the second quarter, Holdings Channel reports. The institutional investor owned 412,071 shares of the cloud computing company’s stock after buying an additional 127,700 shares during the period. Canada Pension Plan Investment Board’s holdings in Citrix Systems were worth $32,793,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CTXS. Quadrant Capital Group LLC increased 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 valued at $113,000 after buying an additional 35 shares during the last quarter. YorkBridge Wealth Partners LLC increased 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 valued at $127,000 after buying an additional 672 shares during the last quarter. Fifth Third Bancorp increased 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 valued at $152,000 after buying an additional 171 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Citrix Systems during the first quarter valued at approximately $200,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of Citrix Systems during the first quarter valued at approximately $225,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) opened at 74.61 on Friday. The stock has a 50 day moving average price of $79.66 and a 200-day moving average price of $80.99. Citrix Systems, Inc. has a one year low of $64.18 and a one year high of $87.99. The company has a market capitalization of $11.30 billion, a P/E ratio of 25.14 and a beta of 1.49.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results 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 business had revenue of $693 million for the quarter, compared to analyst estimates of $690.83 million. During the same period in the prior year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts predict that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $77.00 target price on shares of Citrix Systems in a report on Thursday, August 3rd. BidaskClub downgraded Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Robert W. Baird upgraded Citrix Systems from a “neutral” rating to an “outperform” rating and raised their target price for the company from $85.00 to $90.00 in a report on Thursday, April 27th. Barclays PLC reiterated an “overweight” rating and set a $90.00 target price (up from $87.00) on shares of Citrix Systems in a report on Thursday, August 3rd. Finally, MKM Partners reiterated a “buy” rating and set a $90.00 target price (down from $95.00) on shares of Citrix Systems in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $89.25.

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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