Koch Industries Inc. increased its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 12,490.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 724,333 shares of the cloud computing company’s stock after buying an additional 718,580 shares during the quarter. Koch Industries Inc. owned 0.48% of Citrix Systems worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Bank of Nova Scotia grew its holdings in shares of Citrix Systems by 1,955.1% during the second quarter. Bank of Nova Scotia now owns 734,618 shares of the cloud computing company’s stock valued at $58,461,000 after buying an additional 698,872 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Citrix Systems by 6.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,305 shares of the cloud computing company’s stock valued at $422,000 after buying an additional 322 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Citrix Systems by 22.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock valued at $87,588,000 after buying an additional 200,291 shares in the last quarter. Caxton Associates LP grew its holdings in shares of Citrix Systems by 9.2% during the second quarter. Caxton Associates LP now owns 7,100 shares of the cloud computing company’s stock valued at $565,000 after buying an additional 600 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Citrix Systems by 121.5% during the second quarter. Cubist Systematic Strategies LLC now owns 8,974 shares of the cloud computing company’s stock valued at $714,000 after buying an additional 4,922 shares in the last quarter. Institutional investors and hedge funds own 93.62% of the company’s stock.

A number of research analysts have recently weighed in on the company. BidaskClub downgraded Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Stifel Nicolaus reiterated a “hold” rating and set a $77.00 price target on shares of Citrix Systems in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a report on Monday, July 31st. Robert W. Baird set a $90.00 price target on Citrix Systems and gave the company a “buy” rating in a report on Friday, October 6th. Finally, BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a report on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.45.

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Citrix Systems, Inc. (NASDAQ CTXS) traded up 0.21% during mid-day trading on Friday, hitting $81.47. The stock had a trading volume of 1,120,350 shares. The stock’s 50-day moving average is $77.47 and its 200 day moving average is $80.36. The company has a market capitalization of $12.34 billion, a P/E ratio of 27.45 and a beta of 1.49. Citrix Systems, Inc. has a 52 week low of $65.56 and a 52 week high of $87.99.

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

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.

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

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