Raymond James Financial Services Advisors Inc. Buys 322 Shares of Citrix Systems, Inc. (CTXS)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 6.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,305 shares of the cloud computing company’s stock after buying an additional 322 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Citrix Systems were worth $422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in Citrix Systems by 22.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock worth $87,588,000 after buying an additional 200,291 shares during the last quarter. Caxton Associates LP raised its position in Citrix Systems by 9.2% in the second quarter. Caxton Associates LP now owns 7,100 shares of the cloud computing company’s stock valued at $565,000 after purchasing an additional 600 shares during the period. Cubist Systematic Strategies LLC raised its position in Citrix Systems by 121.5% in the second quarter. Cubist Systematic Strategies LLC now owns 8,974 shares of the cloud computing company’s stock valued at $714,000 after purchasing an additional 4,922 shares during the period. Maverick Capital Ltd. raised its position in Citrix Systems by 72.3% in the second quarter. Maverick Capital Ltd. now owns 29,480 shares of the cloud computing company’s stock valued at $2,346,000 after purchasing an additional 12,370 shares during the period. Finally, Gotham Asset Management LLC raised its position in Citrix Systems by 9.8% in the second quarter. Gotham Asset Management LLC now owns 328,985 shares of the cloud computing company’s stock valued at $26,181,000 after purchasing an additional 29,438 shares during the period. 93.32% of the stock is currently owned by institutional investors.

Shares of Citrix Systems, Inc. (CTXS) opened at $84.90 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. Citrix Systems, Inc. has a 1-year low of $65.49 and a 1-year high of $87.99. The stock has a market capitalization of $12,792.31, a price-to-earnings ratio of 20.66, a P/E/G ratio of 4.05 and a beta of 1.39.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.18. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The company had revenue of $691.00 million for the quarter, compared to the consensus estimate of $691.61 million. During the same quarter in the prior year, the business earned $1.32 EPS. Citrix Systems’s revenue was up 3.3% on a year-over-year basis. research analysts forecast that Citrix Systems, Inc. will post 3.94 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Stifel Nicolaus restated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Friday. Barclays PLC restated an “overweight” rating and issued a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $89.50.

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Citrix Systems 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.

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

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