CIBC Asset Management Inc increased its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 21,315 shares of the cloud computing company’s stock after buying an additional 469 shares during the period. CIBC Asset Management Inc’s holdings in Citrix Systems were worth $1,696,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock valued at $113,000 after buying an additional 35 shares in the last quarter. Blair William & Co. IL raised its stake in Citrix Systems by 0.6% in the first quarter. Blair William & Co. IL now owns 7,987 shares of the cloud computing company’s stock valued at $658,000 after buying an additional 49 shares in the last quarter. Cleararc Capital Inc. raised its stake in Citrix Systems by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the cloud computing company’s stock valued at $321,000 after buying an additional 58 shares in the last quarter. Clean Yield Group raised its stake in Citrix Systems by 0.9% in the first quarter. Clean Yield Group now owns 7,739 shares of the cloud computing company’s stock valued at $645,000 after buying an additional 70 shares in the last quarter. Finally, Creative Planning raised its stake in Citrix Systems by 2.5% in the second quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock valued at $259,000 after buying an additional 78 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Citrix Systems, Inc. (NASDAQ:CTXS) opened at 76.22 on Thursday. Citrix Systems, Inc. has a 12-month low of $64.18 and a 12-month high of $87.99. The stock has a market cap of $11.89 billion, a P/E ratio of 25.68 and a beta of 1.49. The stock has a 50 day moving average price of $80.02 and a 200 day moving average price of $81.03.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $693 million during the quarter, compared to analysts’ expectations of $690.83 million. During the same period last year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.

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Several equities research analysts recently issued reports on CTXS shares. Deutsche Bank AG dropped their price objective on Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Jefferies Group LLC dropped their price objective on Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a research note on Friday, April 28th. Royal Bank Of Canada reissued a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a research note on Monday, July 31st. MKM Partners lifted their price objective on Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Finally, BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research note on Monday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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