New York State Teachers Retirement System trimmed its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 274,578 shares of the cloud computing company’s stock after selling 7,247 shares during the period. New York State Teachers Retirement System owned about 0.18% of Citrix Systems worth $21,093,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Greenwood Capital Associates LLC boosted its position in Citrix Systems by 12.0% in the second quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock worth $214,000 after purchasing an additional 289 shares during the last quarter. Intact Investment Management Inc. purchased a new position in Citrix Systems in the third quarter worth about $215,000. Colony Group LLC purchased a new position in Citrix Systems in the second quarter worth about $228,000. New Amsterdam Partners LLC NY purchased a new position in Citrix Systems in the second quarter worth about $231,000. Finally, Spot Trading L.L.C. purchased a new position in shares of Citrix Systems during the 1st quarter valued at about $246,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Citrix Systems from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Mizuho reaffirmed a “buy” rating and set a $94.00 price objective (up from $92.00) on shares of Citrix Systems in a research report on Wednesday, October 25th. Stifel Nicolaus lowered their price objective on Citrix Systems from $77.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) raised Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Friday. Finally, Citigroup Inc. lowered their price objective on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $89.50.
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Citrix Systems, Inc. (NASDAQ CTXS) opened at $84.90 on Monday. The firm has a market capitalization of $12,792.33, a P/E ratio of 20.66, a PEG ratio of 4.05 and a beta of 1.39. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.69. Citrix Systems, Inc. has a 12-month low of $65.49 and a 12-month high of $87.99.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, beating 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 company posted $1.32 EPS. Citrix Systems’s quarterly revenue was up 3.3% on a year-over-year basis. analysts forecast that Citrix Systems, Inc. will post 3.94 earnings per share for the current year.
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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