Artemis Investment Management LLP Acquires New Position in Citrix Systems, Inc. (CTXS)
Artemis Investment Management LLP acquired a new position in Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,140 shares of the cloud computing company’s stock, valued at approximately $9,003,000. Artemis Investment Management LLP owned 0.07% of Citrix Systems at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD increased its stake in Citrix Systems by 6.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,483 shares of the cloud computing company’s stock worth $1,040,000 after buying an additional 809 shares during the period. Spot Trading L.L.C. purchased a new stake in Citrix Systems during the first quarter worth $246,000. Commerzbank Aktiengesellschaft FI increased its stake in Citrix Systems by 204.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 17,819 shares of the cloud computing company’s stock worth $1,486,000 after buying an additional 11,957 shares during the period. Wrapmanager Inc. increased its stake in Citrix Systems by 3.1% in the first quarter. Wrapmanager Inc. now owns 8,619 shares of the cloud computing company’s stock worth $719,000 after buying an additional 256 shares during the period. Finally, MUFG Securities EMEA plc increased its stake in Citrix Systems by 375.0% in the first quarter. MUFG Securities EMEA plc now owns 950,000 shares of the cloud computing company’s stock worth $79,221,000 after buying an additional 750,000 shares during the period. 93.62% of the stock is owned by institutional investors and hedge funds.
Shares of Citrix Systems, Inc. (NASDAQ:CTXS) opened at 78.52 on Friday. The firm has a market capitalization of $11.90 billion, a P/E ratio of 26.46 and a beta of 1.48. Citrix Systems, Inc. has a 12 month low of $64.11 and a 12 month high of $87.99. The stock has a 50 day moving average price of $78.01 and a 200 day moving average price of $81.06.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.02. The firm had revenue of $693 million for 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 firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. On average, analysts expect that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.
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CTXS has been the subject of a number of research analyst reports. BidaskClub downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reiterated 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 reiterated 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 reiterated an “overweight” rating and set a $90.00 price objective (up previously from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Finally, MKM Partners reiterated a “buy” rating and set a $90.00 price objective (down previously 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 issued a buy rating to the company. Citrix Systems presently has an average rating of “Hold” and a consensus price target 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.
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