Teacher Retirement System of Texas decreased its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 319,587 shares of the cloud computing company’s stock after selling 19,856 shares during the period. Teacher Retirement System of Texas’ holdings in Citrix Systems were worth $25,433,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CTXS. DekaBank Deutsche Girozentrale raised its position in shares of Citrix Systems by 16.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 73,901 shares of the cloud computing company’s stock valued at $5,936,000 after buying an additional 10,506 shares during the last quarter. First Trust Advisors LP raised its position in shares of Citrix Systems by 10.4% in the second quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock valued at $196,965,000 after buying an additional 233,370 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Citrix Systems by 44.9% in the second quarter. Canada Pension Plan Investment Board now owns 412,071 shares of the cloud computing company’s stock valued at $32,793,000 after buying an additional 127,700 shares during the last quarter. Advisor Partners LLC raised its position in shares of Citrix Systems by 3.5% in the second quarter. Advisor Partners LLC now owns 3,302 shares of the cloud computing company’s stock valued at $263,000 after buying an additional 112 shares during the last quarter. Finally, YHB Investment Advisors Inc. raised its position in shares of Citrix Systems by 14.6% in the second quarter. YHB Investment Advisors Inc. now owns 23,020 shares of the cloud computing company’s stock valued at $1,832,000 after buying an additional 2,928 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Shares of Citrix Systems, Inc. (CTXS) opened at 74.61 on Friday. The firm has a market capitalization of $11.30 billion, a P/E ratio of 25.14 and a beta of 1.49. The stock’s 50 day moving average is $79.66 and its 200 day moving average is $80.99. Citrix Systems, Inc. has a 1-year low of $64.18 and a 1-year high of $87.99.

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. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The company had revenue of $693 million during the quarter, compared to analyst estimates of $690.83 million. During the same quarter in the previous year, the company posted $1.20 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts predict that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.

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Several equities analysts recently issued reports on the stock. Jefferies Group LLC reissued a “sell” rating and set a $61.00 price objective on shares of Citrix Systems in a report on Friday. MKM Partners reissued a “buy” rating and set a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a report on Wednesday. Barclays PLC reissued an “overweight” rating and set a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a report on Wednesday. Finally, BidaskClub lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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