First Trust Advisors LP increased its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 10.4% during the second quarter, Holdings Channel reports. The fund owned 2,475,053 shares of the cloud computing company’s stock after buying an additional 233,370 shares during the period. Citrix Systems comprises approximately 0.5% of First Trust Advisors LP’s portfolio, making the stock its 18th largest position. First Trust Advisors LP’s holdings in Citrix Systems were worth $196,965,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of Citrix Systems by 35.6% in the second quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock valued at $400,799,000 after buying an additional 1,321,350 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of Citrix Systems during the first quarter valued at approximately $89,128,000. Marshall Wace North America L.P. bought a new position in shares of Citrix Systems during the first quarter valued at approximately $89,128,000. Schroder Investment Management Group increased its position in shares of Citrix Systems by 224.0% in the first quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock valued at $109,459,000 after buying an additional 899,730 shares during the last quarter. Finally, MUFG Securities EMEA plc increased its position in shares of Citrix Systems by 375.0% in the first quarter. MUFG Securities EMEA plc now owns 950,000 shares of the cloud computing company’s stock valued at $79,221,000 after buying an additional 750,000 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Citrix Systems, Inc. (CTXS) opened at 74.67 on Friday. The stock’s 50 day moving average is $79.85 and its 200-day moving average is $80.99. The firm has a market capitalization of $11.31 billion, a PE ratio of 25.16 and a beta of 1.49. Citrix Systems, Inc. has a one year low of $64.18 and a one year high of $87.99.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Citrix Systems had a net margin of 15.70% and a return on equity of 24.15%. The firm had revenue of $693 million for the quarter, compared to analysts’ expectations of $690.83 million. During the same period last year, the company posted $1.20 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts anticipate that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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Several equities analysts recently commented on CTXS shares. Jefferies Group LLC dropped their price objective on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a research note on Friday, April 28th. MKM Partners increased their price objective on shares of Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Robert W. Baird raised shares of Citrix Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $85.00 to $90.00 in a research note on Thursday, April 27th. Deutsche Bank AG dropped their price objective on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a research note on Monday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Citrix Systems 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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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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