Ken Stern & Associates Inc. cut its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 18.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,202 shares of the cloud computing company’s stock after selling 972 shares during the quarter. Ken Stern & Associates Inc.’s holdings in Citrix Systems were worth $330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CTXS. Spot Trading L.L.C. acquired a new stake in shares of Citrix Systems in the 1st quarter valued at about $246,000. Comerica Bank boosted its position in shares of Citrix Systems by 0.3% in the 1st quarter. Comerica Bank now owns 44,467 shares of the cloud computing company’s stock valued at $3,621,000 after purchasing an additional 155 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Citrix Systems by 3.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,928,359 shares of the cloud computing company’s stock valued at $160,806,000 after purchasing an additional 61,692 shares during the period. TD Asset Management Inc. boosted its position in shares of Citrix Systems by 1.9% in the 1st quarter. TD Asset Management Inc. now owns 63,484 shares of the cloud computing company’s stock valued at $5,294,000 after purchasing an additional 1,200 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Citrix Systems by 29.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,598 shares of the cloud computing company’s stock valued at $967,000 after purchasing an additional 2,657 shares during the period. 93.63% of the stock is owned by hedge funds and other institutional investors.

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CTXS has been the subject of a number of research analyst reports. BidaskClub cut Citrix Systems from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a research report on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Finally, MKM Partners reaffirmed a “buy” rating and set a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Four 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. Citrix Systems has an average rating of “Hold” and a consensus target price of $89.25.

Citrix Systems, Inc. (NASDAQ CTXS) traded down 0.54% during trading on Friday, reaching $76.22. The company had a trading volume of 2,891,393 shares. The firm has a market capitalization of $11.55 billion, a P/E ratio of 25.68 and a beta of 1.48. Citrix Systems, Inc. has a 52-week low of $64.79 and a 52-week high of $87.99. The company has a 50-day moving average of $76.56 and a 200-day moving average of $80.82.

Citrix Systems (NASDAQ:CTXS) last released 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). The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. Analysts expect that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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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