Whalerock Point Partners LLC cut its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,100 shares of the cloud computing company’s stock after selling 350 shares during the period. Whalerock Point Partners LLC’s holdings in Citrix Systems were worth $1,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CTXS. Creative Planning boosted its position in shares of Citrix Systems by 12.4% in the first quarter. Creative Planning now owns 3,181 shares of the cloud computing company’s stock valued at $265,000 after buying an additional 351 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Citrix Systems during the first quarter valued at about $380,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Citrix Systems by 4.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,159 shares of the cloud computing company’s stock valued at $324,000 after buying an additional 183 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Citrix Systems by 21.5% in the first quarter. Wetherby Asset Management Inc. now owns 4,690 shares of the cloud computing company’s stock valued at $391,000 after buying an additional 830 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of 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 valued at $1,040,000 after buying an additional 809 shares during the period. 93.62% of the stock is owned by institutional investors and hedge funds.

Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.16% during midday trading on Wednesday, reaching $76.54. 79,712 shares of the company were exchanged. The stock has a market capitalization of $11.60 billion, a P/E ratio of 25.79 and a beta of 1.49. Citrix Systems, Inc. has a 52 week low of $64.11 and a 52 week high of $87.99. The firm’s 50 day moving average price is $78.37 and its 200-day moving average price is $81.10.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share 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 million for the quarter, compared to analysts’ expectations of $690.83 million. During the same quarter last year, the company posted $1.20 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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A number of analysts have recently commented on CTXS shares. BidaskClub lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 price target on shares of Citrix Systems in a research note on Thursday, August 3rd. Barclays PLC reiterated an “overweight” rating and issued a $90.00 price target (up from $87.00) on shares of Citrix Systems in a research note on Thursday, August 3rd. Finally, MKM Partners reiterated a “buy” rating and issued a $90.00 price target (down from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. Citrix Systems has a consensus rating of “Hold” and a consensus target price of $89.25.

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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