Citrix Systems, Inc. (NASDAQ:CTXS) was upgraded by equities researchers at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a research note issued on Friday.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird set a $90.00 target price on shares of Citrix Systems and gave the company a “buy” rating in a research report on Friday, October 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research report on Monday, September 4th. BidaskClub cut shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Wells Fargo & Company raised shares of Citrix Systems from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $82.50 to $95.00 in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Citrix Systems has an average rating of “Hold” and an average price target of $88.00.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The firm had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $691.61 million. During the same period in the previous year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can raised its stake in Citrix Systems by 35.6% during the second quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock worth $400,799,000 after acquiring an additional 1,321,350 shares in the last quarter. First Trust Advisors LP raised its stake in Citrix Systems by 10.4% during the second quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock worth $196,965,000 after acquiring an additional 233,370 shares in the last quarter. Farallon Capital Management LLC raised its stake in Citrix Systems by 8.2% during the second quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock worth $127,859,000 after acquiring an additional 121,549 shares in the last quarter. BT Investment Management Ltd raised its stake in Citrix Systems by 11.7% during the third quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after acquiring an additional 138,032 shares in the last quarter. Finally, Numeric Investors LLC raised its stake in Citrix Systems by 61.4% during the second quarter. Numeric Investors LLC now owns 1,156,334 shares of the cloud computing company’s stock worth $92,021,000 after acquiring an additional 439,821 shares in the last quarter. 93.32% of the stock is owned by hedge funds and other institutional investors.

Citrix Systems Company 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.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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