Meeder Asset Management Inc. reduced its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 64.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,309 shares of the cloud computing company’s stock after selling 4,266 shares during the period. Meeder Asset Management Inc.’s holdings in Citrix Systems were worth $184,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTXS. Bank of Montreal Can raised its position in 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 in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Citrix Systems during the first quarter valued at approximately $89,128,000. Marshall Wace North America L.P. acquired a new stake in shares of Citrix Systems during the first quarter valued at approximately $89,128,000. Schroder Investment Management Group increased its stake 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 stake 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. Hedge funds and other institutional investors own 95.80% of the company’s stock.
Shares of Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.25% during midday trading on Friday, hitting $74.71. The company had a trading volume of 900,698 shares. The company’s 50-day moving average price is $79.01 and its 200 day moving average price is $81.04. Citrix Systems, Inc. has a 12-month low of $64.11 and a 12-month high of $87.99. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 25.17 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Zacks’ 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 business had revenue of $693 million for the quarter, compared to analysts’ expectations of $690.83 million. During the same period in the prior year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.
CTXS has been the topic of several research analyst reports. Deutsche Bank AG dropped their price objective on Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Jefferies Group LLC reissued a “sell” rating and issued a $61.00 price target on shares of Citrix Systems in a research note on Friday, August 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a research note on Monday, July 31st. MKM Partners lifted their price target on Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Finally, BTIG Research reissued 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 issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $89.25.
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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