Andra AP fonden reduced its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,900 shares of the cloud computing company’s stock after selling 4,900 shares during the period. Andra AP fonden’s holdings in Citrix Systems were worth $4,051,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its position in Citrix Systems by 89.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 54,086 shares of the cloud computing company’s stock valued at $4,306,000 after buying an additional 25,489 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Citrix Systems by 30.8% in the second quarter. GHP Investment Advisors Inc. now owns 9,052 shares of the cloud computing company’s stock valued at $720,000 after buying an additional 2,130 shares during the last quarter. Great Lakes Advisors LLC increased its position in Citrix Systems by 16.2% in the second quarter. Great Lakes Advisors LLC now owns 16,050 shares of the cloud computing company’s stock valued at $1,277,000 after buying an additional 2,233 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in Citrix Systems during the second quarter valued at $263,000. Finally, Twin Capital Management Inc. increased its position in Citrix Systems by 4.5% in the second quarter. Twin Capital Management Inc. now owns 59,080 shares of the cloud computing company’s stock valued at $4,702,000 after buying an additional 2,560 shares during the last quarter. Hedge funds and other institutional investors own 93.62% of the company’s stock.

Citrix Systems, Inc. (CTXS) opened at 76.42 on Wednesday. Citrix Systems, Inc. has a 52 week low of $64.11 and a 52 week high of $87.99. The company has a 50 day moving average of $78.37 and a 200 day moving average of $81.10. The stock has a market capitalization of $11.58 billion, a P/E ratio of 25.75 and a beta of 1.49.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data 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 net margin of 15.08% and a return on equity of 31.07%. The business had revenue of $693 million during the quarter, compared to analysts’ expectations of $690.83 million. During the same quarter in the previous year, the company posted $1.20 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Equities analysts expect that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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Several research firms have recently weighed in on CTXS. BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th. Jefferies Group LLC reiterated a “sell” rating and issued a $61.00 target price on shares of Citrix Systems in a research note on Friday, August 11th. 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. Barclays PLC reiterated an “overweight” rating and issued a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Citrix Systems presently has an average rating of “Hold” and an average target price of $89.25.

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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