Northwestern Mutual Wealth Management Co. lowered its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,391 shares of the cloud computing company’s stock after selling 53 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Citrix Systems were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of Citrix Systems by 10.3% during the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock valued at $152,000 after purchasing an additional 171 shares during the period. Greenwood Capital Associates LLC acquired a new position in shares of Citrix Systems during the first quarter valued at about $200,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Citrix Systems during the first quarter valued at about $225,000. Global X Management Co. LLC raised its holdings in shares of Citrix Systems by 18.4% during the first quarter. Global X Management Co. LLC now owns 2,877 shares of the cloud computing company’s stock valued at $240,000 after purchasing an additional 448 shares during the period. Finally, New Amsterdam Partners LLC NY acquired a new position in shares of Citrix Systems during the second quarter valued at about $231,000. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Citrix Systems, Inc. (NASDAQ CTXS) opened at 76.22 on Friday. Citrix Systems, Inc. has a 52-week low of $64.79 and a 52-week high of $87.99. The stock’s 50 day moving average is $76.56 and its 200-day moving average is $80.82. The company has a market capitalization of $11.55 billion, a P/E ratio of 25.68 and a beta of 1.48.

Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. Analysts predict that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

Several brokerages have recently weighed in on CTXS. Stifel Nicolaus reiterated a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a report on Wednesday, August 9th. Barclays PLC reiterated an “overweight” rating and set a $90.00 price objective (up previously from $87.00) on shares of Citrix Systems in a report on Wednesday, August 9th. MKM Partners reiterated a “buy” rating and set a $90.00 price objective (down previously from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “sell” rating and set a $61.00 price objective on shares of Citrix Systems in a report on Friday, August 11th. Four 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. The stock presently has a consensus rating of “Hold” and an average target price of $89.25.

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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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