Emerald Advisers Inc. PA Acquires Shares of 5,920 Citrix Systems, Inc. (CTXS)

Emerald Advisers Inc. PA acquired a new position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,920 shares of the cloud computing company’s stock, valued at approximately $471,000.

Several other hedge funds also recently made changes to their positions in CTXS. Kentucky Retirement Systems bought a new stake in shares of Citrix Systems during the fourth quarter valued at approximately $1,011,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Citrix Systems during the fourth quarter valued at $451,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Citrix Systems by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 134,785 shares of the cloud computing company’s stock valued at $11,239,000 after buying an additional 4,458 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Citrix Systems by 2.7% in the first quarter. CENTRAL TRUST Co now owns 11,876 shares of the cloud computing company’s stock valued at $990,000 after buying an additional 310 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in shares of Citrix Systems by 14.3% in the first quarter. Raymond James Trust N.A. now owns 3,604 shares of the cloud computing company’s stock valued at $300,000 after buying an additional 452 shares during the period. 95.80% of the stock is owned by institutional investors and hedge funds.

Citrix Systems, Inc. (NASDAQ:CTXS) opened at 74.71 on Friday. The firm has a market cap of $11.32 billion, a P/E ratio of 25.17 and a beta of 1.49. Citrix Systems, Inc. has a 52-week low of $64.11 and a 52-week high of $87.99. The company’s 50 day moving average is $78.87 and its 200-day moving average is $81.06.

Citrix Systems (NASDAQ:CTXS) last released its 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 return on equity of 31.07% and a net margin of 15.08%. The business had revenue of $693 million during the quarter, compared to analysts’ expectations of $690.83 million. During the same quarter in the previous year, the business earned $1.20 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts predict that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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Several brokerages have weighed in on CTXS. 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. BidaskClub cut shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Stifel Nicolaus restated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a research report on Wednesday, August 9th. Deutsche Bank AG dropped their target price on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research report on Monday, July 31st. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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.

Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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