Ajo LP increased its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,385,207 shares of the cloud computing company’s stock after acquiring an additional 1,144 shares during the period. Ajo LP owned about 0.89% of Citrix Systems worth $110,235,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Seizert Capital Partners LLC purchased a new stake in shares of Citrix Systems during the first quarter worth $34,152,000. Eqis Capital Management Inc. raised its holdings in Citrix Systems by 10.8% during the second quarter. Eqis Capital Management Inc. now owns 16,216 shares of the cloud computing company’s stock valued at $1,290,000 after buying an additional 1,579 shares in the last quarter. Koch Industries Inc. bought a new position in Citrix Systems during the first quarter valued at about $480,000. Elliott Management Corp raised its holdings in Citrix Systems by 5.7% during the first quarter. Elliott Management Corp now owns 7,091,000 shares of the cloud computing company’s stock valued at $591,318,000 after buying an additional 384,456 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Citrix Systems by 15.6% during the first quarter. Public Employees Retirement System of Ohio now owns 97,595 shares of the cloud computing company’s stock valued at $8,138,000 after buying an additional 13,148 shares in the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.
Several research firms have weighed in on CTXS. Stifel Nicolaus restated a “hold” rating and set a $77.00 target price on shares of Citrix Systems in a report on Wednesday, August 9th. Barclays PLC restated an “overweight” rating and set a $90.00 target price (up from $87.00) on shares of Citrix Systems in a report on Wednesday, August 9th. MKM Partners restated a “buy” rating and set a $90.00 target price (down from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a report on Monday, July 31st. Finally, Jefferies Group LLC restated a “sell” rating and set a $61.00 target price on shares of Citrix Systems in a report on Friday, August 11th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Citrix Systems has an average rating of “Hold” and a consensus price target of $89.25.
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Shares of Citrix Systems, Inc. (CTXS) opened at 76.22 on Tuesday. The firm has a market capitalization of $11.55 billion, a P/E ratio of 25.68 and a beta of 1.48. 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 price is $77.10 and its 200-day moving average price is $80.96.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.02. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The company had revenue of $693 million during the quarter, compared to analyst estimates of $690.83 million. During the same quarter last year, the company posted $1.20 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal 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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