HPM Partners LLC purchased a new stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, HoldingsChannel.com reports. The firm purchased 4,468 shares of the cloud computing company’s stock, valued at approximately $468,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banque Pictet & Cie SA increased its holdings in shares of Citrix Systems by 0.5% in the second quarter. Banque Pictet & Cie SA now owns 82,451 shares of the cloud computing company’s stock worth $8,644,000 after buying an additional 450 shares during the period. Federated Investors Inc. PA increased its holdings in shares of Citrix Systems by 14.0% in the second quarter. Federated Investors Inc. PA now owns 5,332 shares of the cloud computing company’s stock worth $559,000 after buying an additional 656 shares during the period. Cedar Capital LLC increased its holdings in shares of Citrix Systems by 21.1% in the second quarter. Cedar Capital LLC now owns 3,998 shares of the cloud computing company’s stock worth $419,000 after buying an additional 696 shares during the period. DnB Asset Management AS increased its holdings in shares of Citrix Systems by 4.0% in the second quarter. DnB Asset Management AS now owns 18,208 shares of the cloud computing company’s stock worth $1,909,000 after buying an additional 700 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Citrix Systems by 5.6% in the second quarter. Marshall Wace LLP now owns 14,056 shares of the cloud computing company’s stock worth $1,474,000 after buying an additional 743 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

NASDAQ CTXS opened at $110.85 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $15.24 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. Citrix Systems, Inc. has a 1 year low of $75.19 and a 1 year high of $116.82.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, July 25th. The cloud computing company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.08. The company had revenue of $742.36 million for the quarter, compared to analysts’ expectations of $716.33 million. Citrix Systems had a return on equity of 64.77% and a net margin of 3.23%. Citrix Systems’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $103.00 earnings per share. analysts anticipate that Citrix Systems, Inc. will post 4.2 EPS for the current fiscal year.

Several research analysts have recently commented on CTXS shares. BidaskClub downgraded Citrix Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Barclays lifted their price objective on Citrix Systems from $112.00 to $114.00 and gave the stock an “equal weight” rating in a report on Friday, September 7th. Robert W. Baird reiterated a “hold” rating and issued a $120.00 price objective on shares of Citrix Systems in a report on Thursday, July 26th. Cowen reiterated a “hold” rating and issued a $120.00 price objective on shares of Citrix Systems in a report on Thursday, July 26th. Finally, Stifel Nicolaus lifted their price objective on Citrix Systems from $105.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $114.21.

In related news, insider Robert Calderoni sold 2,128 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $113.28, for a total value of $241,059.84. Following the sale, the insider now directly owns 145,790 shares of the company’s stock, valued at $16,515,091.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David J. Henshall sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of $107.23, for a total value of $1,072,300.00. Following the completion of the sale, the chief executive officer now directly owns 333,733 shares in the company, valued at $35,786,189.59. The disclosure for this sale can be found here. Insiders sold 17,520 shares of company stock worth $1,903,262 over the last three months. 0.56% of the stock is owned by insiders.

Citrix Systems Company Profile

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

Further Reading: What does RSI mean?

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

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