Neuberger Berman Group LLC trimmed its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 80.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,232 shares of the cloud computing company’s stock after selling 79,565 shares during the period. Neuberger Berman Group LLC’s holdings in Citrix Systems were worth $1,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Citrix Systems by 10.3% in the 1st 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 in the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Citrix Systems in the 1st quarter valued at approximately $200,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Citrix Systems in the 1st quarter valued at approximately $225,000. Global X Management Co. LLC raised its position in shares of Citrix Systems by 18.4% in the 1st quarter. Global X Management Co. LLC now owns 2,877 shares of the cloud computing company’s stock valued at $240,000 after purchasing an additional 448 shares in the last quarter. Finally, New Amsterdam Partners LLC NY acquired a new position in shares of Citrix Systems in the 2nd quarter valued at approximately $231,000. 93.63% of the stock is currently owned by institutional investors.

Citrix Systems, Inc. (NASDAQ CTXS) opened at 76.22 on Friday. The stock has a 50 day moving average price of $76.56 and a 200 day moving average price of $80.82. Citrix Systems, Inc. has a 1-year low of $64.79 and a 1-year high of $87.99. The company has a market cap of $11.55 billion, a PE ratio of 25.68 and a beta of 1.48.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 $693.00 million during the quarter, compared to the consensus estimate of $690.83 million. During the same quarter in the previous year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.

CTXS has been the topic of several research reports. MKM Partners reissued a “buy” rating and set a $90.00 price target (down from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $77.00 price target on shares of Citrix Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a research report on Monday, July 31st. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Finally, Barclays PLC reissued an “overweight” rating and set a $90.00 price target (up from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Four 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.25.

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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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