Aperio Group LLC cut its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,879 shares of the cloud computing company’s stock after selling 2,998 shares during the period. Aperio Group LLC owned approximately 0.09% of Citrix Systems worth $11,053,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can lifted 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 worth $400,799,000 after purchasing an additional 1,321,350 shares during the period. First Trust Advisors LP lifted its position in 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 worth $196,965,000 after purchasing an additional 233,370 shares during the period. Farallon Capital Management LLC lifted its position in Citrix Systems by 8.2% in the second quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock worth $127,859,000 after purchasing an additional 121,549 shares during the period. BT Investment Management Ltd acquired a new stake in Citrix Systems in the second quarter worth approximately $93,653,000. Finally, Numeric Investors LLC lifted its position in Citrix Systems by 61.4% in the second quarter. Numeric Investors LLC now owns 1,156,334 shares of the cloud computing company’s stock worth $92,021,000 after purchasing an additional 439,821 shares during the period. Institutional investors and hedge funds own 93.32% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Citrix Systems from a “sell” rating to a “hold” rating in a research report on Monday. Mizuho restated a “buy” rating and issued a $94.00 target price (up from $92.00) on shares of Citrix Systems in a research report on Wednesday, October 25th. Stifel Nicolaus cut their target price on Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 26th. Citigroup Inc. cut their target price on Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, October 27th. 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 Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Citrix Systems presently has a consensus rating of “Hold” and a consensus target price of $88.00.
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Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The firm had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $691.61 million. During the same period last year, the firm earned $1.32 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.
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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