Citrix Systems, Inc. (NASDAQ:CTXS) Stake Increased by Advisor Partners LLC
Advisor Partners LLC raised its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 3,302 shares of the cloud computing company’s stock after buying an additional 112 shares during the period. Advisor Partners LLC’s holdings in Citrix Systems were worth $263,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of 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 worth $113,000 after buying an additional 35 shares during the period. YorkBridge Wealth Partners LLC raised its position in shares of Citrix Systems by 75.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,562 shares of the cloud computing company’s stock worth $127,000 after buying an additional 672 shares during the period. Fifth Third Bancorp raised its position in shares of Citrix Systems by 10.3% in the first 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 acquired a new position in shares of Citrix Systems during the first quarter worth $200,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of Citrix Systems during the first quarter worth $225,000. 97.21% of the stock is owned by institutional investors and hedge funds.
Shares of Citrix Systems, Inc. (NASDAQ:CTXS) opened at 74.61 on Friday. Citrix Systems, Inc. has a one year low of $64.18 and a one year high of $87.99. The stock has a market capitalization of $11.30 billion, a PE ratio of 25.14 and a beta of 1.49. The stock’s 50 day moving average price is $79.66 and its 200 day moving average price is $80.99.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.02. The firm had revenue of $693 million during the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. Equities research analysts predict that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.
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CTXS has been the subject of a number of recent analyst reports. MKM Partners boosted their target price on Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Stifel Nicolaus reissued a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a research report on Wednesday. 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, July 31st. Deutsche Bank AG decreased their target price on Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a research report on Monday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $89.25.
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.
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