California State Teachers Retirement System cut its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 275,231 shares of the cloud computing company’s stock after selling 33,427 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Citrix Systems worth $21,903,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CTXS. Fifth Third Bancorp increased its holdings in Citrix Systems by 10.3% during the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock valued at $152,000 after buying an additional 171 shares during the period. Greenwood Capital Associates LLC increased its holdings in Citrix Systems by 12.0% during the second quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock valued at $214,000 after buying an additional 289 shares during the period. New Amsterdam Partners LLC NY purchased a new position in Citrix Systems during the second quarter valued at approximately $231,000. Atria Investments LLC purchased a new position in Citrix Systems during the second quarter valued at approximately $235,000. Finally, Virtu Financial LLC purchased a new position in Citrix Systems during the second quarter valued at approximately $235,000. 93.58% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on CTXS shares. BidaskClub lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a report on Thursday, August 3rd. Barclays PLC reissued an “overweight” rating and set a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a report on Thursday, August 3rd. Finally, MKM Partners reissued a “buy” rating and set a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Citrix Systems currently has an average rating of “Hold” and an average target price of $89.45.

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Citrix Systems, Inc. (NASDAQ:CTXS) opened at 81.47 on Monday. Citrix Systems, Inc. has a 52-week low of $65.56 and a 52-week high of $87.99. The firm has a market capitalization of $12.34 billion, a P/E ratio of 27.45 and a beta of 1.49. The company’s 50-day moving average is $77.53 and its 200-day moving average is $80.31.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $690.83 million. During the same period in the previous year, the business posted $1.20 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Citrix Systems, Inc. will post $4.63 EPS for the current 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.

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

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