Northwestern Mutual Investment Management Company LLC cut its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 81.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,916 shares of the cloud computing company’s stock after selling 25,691 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Citrix Systems were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CTXS. 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 valued at $152,000 after purchasing an additional 171 shares during the period. Greenwood Capital Associates LLC purchased a new position in shares of Citrix Systems in the first quarter valued at $200,000. ZWJ Investment Counsel Inc. purchased a new position in shares of Citrix Systems in the first quarter valued at $225,000. New Amsterdam Partners LLC NY purchased a new position in shares of Citrix Systems in the second quarter valued at $231,000. Finally, Atria Investments LLC purchased a new position in shares of Citrix Systems in the second quarter valued at $235,000. Institutional investors and hedge funds own 93.63% of the company’s stock.

Several research analysts have recently weighed in on CTXS shares. MKM Partners restated a “buy” rating and issued a $90.00 target price (down from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Barclays PLC restated an “overweight” rating and issued a $90.00 target price (up from $87.00) on shares of Citrix Systems in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “sell” rating and issued a $61.00 target price on shares of Citrix Systems in a research note on Friday, August 11th. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research note on Monday, September 4th. Four 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 presently has a consensus rating of “Hold” and an average price target of $89.25.

Citrix Systems, Inc. (NASDAQ CTXS) opened at 77.16 on Thursday. Citrix Systems, Inc. has a 52-week low of $64.18 and a 52-week high of $87.99. The company has a market capitalization of $11.69 billion, a P/E ratio of 26.00 and a beta of 1.48. The stock has a 50 day moving average of $76.93 and a 200-day moving average of $80.90.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $690.83 million. During the same period last year, the firm posted $1.20 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.

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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.

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

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