Citrix Systems, Inc. (CTXS) Holdings Lifted by Arrowstreet Capital Limited Partnership
Arrowstreet Capital Limited Partnership boosted its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 22.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,100,626 shares of the cloud computing company’s stock after buying an additional 200,291 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.73% of Citrix Systems worth $87,588,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its position in Citrix Systems by 10.3% in the 1st quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock worth $152,000 after buying an additional 171 shares during the period. Greenwood Capital Associates LLC increased its position in Citrix Systems by 12.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock worth $214,000 after buying an additional 289 shares during the period. New Amsterdam Partners LLC NY bought a new position in Citrix Systems in the 2nd quarter worth approximately $231,000. Atria Investments LLC bought a new position in Citrix Systems in the 2nd quarter worth approximately $235,000. Finally, Virtu Financial LLC bought a new position in Citrix Systems in the 2nd quarter worth approximately $235,000. 93.62% of the stock is currently owned by institutional investors.
Shares of Citrix Systems, Inc. (CTXS) traded down 0.26% during mid-day trading on Friday, reaching $79.47. The company had a trading volume of 928,215 shares. Citrix Systems, Inc. has a 12-month low of $64.79 and a 12-month high of $87.99. The stock has a market capitalization of $12.04 billion, a P/E ratio of 26.78 and a beta of 1.49. The firm’s 50 day moving average is $76.65 and its 200-day moving average is $80.42.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS 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 company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $690.83 million. During the same quarter last year, the business earned $1.20 EPS. Citrix Systems’s revenue was up 3.0% on a year-over-year basis. On average, analysts expect that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.
Several research analysts have commented on the company. BidaskClub downgraded Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $77.00 price target on shares of Citrix Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a research report on Monday, July 31st. Robert W. Baird set a $90.00 price target on Citrix Systems and gave the stock a “buy” rating in a research report on Friday. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Four investment 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 has a consensus rating of “Hold” and a consensus target price of $89.45.
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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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