Commonwealth Bank of Australia lowered its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,465 shares of the cloud computing company’s stock after selling 25 shares during the period. Commonwealth Bank of Australia’s holdings in Citrix Systems were worth $990,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CTXS. Bank of Montreal Can raised its stake 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 valued at $400,799,000 after acquiring an additional 1,321,350 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of Citrix Systems in the first quarter valued at approximately $89,128,000. Marshall Wace North America L.P. bought a new position in shares of Citrix Systems in the first quarter valued at approximately $89,128,000. Schroder Investment Management Group raised its stake in shares of Citrix Systems by 224.0% in the first quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock valued at $109,459,000 after acquiring an additional 899,730 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of Citrix Systems by 28,024.7% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 695,243 shares of the cloud computing company’s stock valued at $55,327,000 after acquiring an additional 692,771 shares during the last quarter. Institutional investors own 93.63% of the company’s stock.

CTXS has been the subject of a number of research analyst reports. MKM Partners reiterated a “buy” rating and issued a $90.00 target price (down previously from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $77.00 price objective on shares of Citrix Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and issued a $85.00 price objective on shares of Citrix Systems in a research report on Monday, July 31st. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Finally, Barclays PLC restated an “overweight” rating and issued a $90.00 price objective (up previously from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Four equities 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 has an average rating of “Hold” and an average target price of $89.25.

Citrix Systems, Inc. (NASDAQ CTXS) opened at 76.22 on Friday. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 25.68 and a beta of 1.48. The stock has a 50 day moving average of $76.56 and a 200 day moving average of $80.82. Citrix Systems, Inc. has a one year low of $64.79 and a one year high of $87.99.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $690.83 million. During the same period in the prior year, the business earned $1.20 EPS. Citrix Systems’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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

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