Gargoyle Investment Advisor L.L.C. held its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, Holdings Channel reports. The fund owned 26,329 shares of the cloud computing company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Citrix Systems were worth $2,095,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BTIM Corp. increased its stake in shares of Citrix Systems by 1.7% in the first quarter. BTIM Corp. now owns 33,445 shares of the cloud computing company’s stock valued at $2,788,000 after buying an additional 570 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Citrix Systems by 4.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,159 shares of the cloud computing company’s stock valued at $324,000 after buying an additional 183 shares during the last quarter. V Wealth Management LLC increased its stake in shares of Citrix Systems by 3.2% in the first quarter. V Wealth Management LLC now owns 18,589 shares of the cloud computing company’s stock valued at $1,557,000 after buying an additional 576 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Citrix Systems during the first quarter valued at $380,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Citrix Systems by 4.3% in the first quarter. Nisa Investment Advisors LLC now owns 67,837 shares of the cloud computing company’s stock valued at $5,657,000 after buying an additional 2,826 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

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

Citrix Systems (NASDAQ:CTXS) last issued its quarterly 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 net margin of 15.08% and a return on equity of 31.07%. The company had revenue of $693 million during the quarter, compared to the consensus estimate of $690.83 million. During the same quarter last year, the firm posted $1.20 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.dailypolitical.com/2017/08/13/gargoyle-investment-advisor-l-l-c-maintains-position-in-citrix-systems-inc-nasdaqctxs.html.

Several analysts recently weighed in on the company. MKM Partners increased their target price on Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Robert W. Baird upgraded Citrix Systems from a “neutral” rating to an “outperform” rating and increased their target price for the company from $85.00 to $90.00 in a research note on Thursday, April 27th. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research note on Monday, April 24th. Jefferies Group LLC decreased their target price on Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a research note on Friday, April 28th. Finally, Deutsche Bank AG decreased their target price on Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company 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.

Want to see what other hedge funds are holding CTXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citrix Systems, Inc. (NASDAQ:CTXS).

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

Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.