Emerald Advisers Inc. PA purchased a new position in Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,920 shares of the cloud computing company’s stock, valued at approximately $471,000.
A number of other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC raised its position in Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock worth $113,000 after buying an additional 35 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in Citrix Systems by 75.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,562 shares of the cloud computing company’s stock worth $127,000 after buying an additional 672 shares in the last quarter. Fifth Third Bancorp raised its position in Citrix Systems by 10.3% in the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock worth $152,000 after buying an additional 171 shares in the last quarter. Greenwood Capital Associates LLC acquired a new position in Citrix Systems during the first quarter worth about $200,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in Citrix Systems during the first quarter worth about $225,000. 97.21% of the stock is owned by institutional investors.
Shares of Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.04% during midday trading on Friday, reaching $74.70. 1,142,380 shares of the company’s stock traded hands. Citrix Systems, Inc. has a 52 week low of $64.18 and a 52 week high of $87.99. The stock’s 50 day moving average is $79.85 and its 200-day moving average is $80.99. The company has a market capitalization of $11.32 billion, a PE ratio of 25.17 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $690.83 million. During the same quarter in the prior year, the business earned $1.20 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.
A number of research firms have issued reports on CTXS. Stifel Nicolaus reissued a “hold” rating and set a $77.00 price target on shares of Citrix Systems in a research report on Wednesday. Barclays PLC reaffirmed an “overweight” rating and set a $90.00 target price (up from $87.00) on shares of Citrix Systems in a report on Wednesday. MKM Partners reaffirmed a “buy” rating and set a $90.00 target price (down from $95.00) on shares of Citrix Systems in a report on Wednesday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a report on Monday, July 31st. Finally, BidaskClub lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Four equities research 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. The stock has a consensus rating of “Hold” and a consensus price target 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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