Daiwa Securities Group Inc. Holds Stake in Citrix Systems, Inc. (CTXS)
Daiwa Securities Group Inc. continued to hold its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, Holdings Channel reports. The firm owned 4,600 shares of the cloud computing company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Citrix Systems were worth $366,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Raymond James Trust N.A. raised its position in shares of Citrix Systems by 14.3% in the first quarter. Raymond James Trust N.A. now owns 3,604 shares of the cloud computing company’s stock worth $300,000 after buying an additional 452 shares during the period. Creative Planning raised 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 worth $265,000 after buying an additional 351 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Citrix Systems by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 48,935 shares of the cloud computing company’s stock worth $4,080,000 after buying an additional 600 shares during the period. National Pension Service raised its position in shares of Citrix Systems by 8.3% in the first quarter. National Pension Service now owns 148,208 shares of the cloud computing company’s stock worth $12,466,000 after buying an additional 11,333 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of Citrix Systems by 1.7% in the first quarter. Capstone Asset Management Co. now owns 44,399 shares of the cloud computing company’s stock worth $3,702,000 after buying an additional 726 shares during the period. 95.80% of the stock is owned by institutional investors and hedge funds.
Shares of Citrix Systems, Inc. (CTXS) opened at 75.84 on Tuesday. The stock’s 50 day moving average price is $79.50 and its 200 day moving average price is $81.10. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 25.55 and a beta of 1.49. Citrix Systems, Inc. has a 1-year low of $64.11 and a 1-year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $690.83 million. During the same period in the prior year, the firm posted $1.20 EPS. Citrix Systems’s revenue was up 3.0% on a year-over-year basis. Analysts expect that Citrix Systems, Inc. will post $4.63 EPS for the current year.
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A number of equities analysts recently issued reports on CTXS shares. BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. MKM Partners increased their price objective on Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Robert W. Baird raised Citrix Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $90.00 in a report on Thursday, April 27th. Deutsche Bank AG decreased their price objective on Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a report on Friday, April 28th. Finally, Jefferies Group LLC decreased their price objective on Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a report on Friday, April 28th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The company currently 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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