Logan Capital Management Inc. reduced its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,928 shares of the cloud computing company’s stock after selling 100 shares during the period. Logan Capital Management Inc.’s holdings in Citrix Systems were worth $2,162,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Citrix Systems during the fourth quarter valued at about $152,520,000. MARSHALL WACE ASIA Ltd purchased a new position in Citrix Systems during the first quarter valued at approximately $89,128,000. Marshall Wace North America L.P. purchased a new position in Citrix Systems during the first quarter valued at approximately $89,128,000. Schroder Investment Management Group raised its position in Citrix Systems by 224.0% in the first quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock valued at $109,459,000 after buying an additional 899,730 shares during the last quarter. Finally, MUFG Securities EMEA plc raised its stake in shares of Citrix Systems by 375.0% in the first quarter. MUFG Securities EMEA plc now owns 950,000 shares of the cloud computing company’s stock worth $79,221,000 after buying an additional 750,000 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors.
Shares of Citrix Systems, Inc. (CTXS) traded down 0.11% during mid-day trading on Tuesday, reaching $81.34. The company’s stock had a trading volume of 457,612 shares. Citrix Systems, Inc. has a 12 month low of $64.11 and a 12 month high of $87.99. The stock has a market capitalization of $12.29 billion, a P/E ratio of 26.77 and a beta of 1.49. The company has a 50 day moving average price of $82.16 and a 200 day moving average price of $79.60.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.10. The firm had revenue of $662.70 million for the quarter, compared to analysts’ expectations of $664.16 million. Citrix Systems had a net margin of 14.75% and a return on equity of 31.02%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. On average, equities research analysts anticipate that Citrix Systems, Inc. will post $4.64 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on CTXS shares. Robert W. Baird raised Citrix Systems from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $90.00 in a research note on Thursday, April 27th. MKM Partners raised their target price on Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Berenberg Bank began coverage on Citrix Systems in a report on Tuesday, April 4th. They set a “buy” rating and a $98.00 price target for the company. Finally, Jefferies Group LLC lowered their target price on Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Citrix Systems presently has a consensus rating of “Hold” and an average target price of $92.02.
Citrix Systems Company 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.
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