Teachers Retirement System of The State of Kentucky Has $1.51 Million Position in Citrix Systems, Inc. (CTXS)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 6.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,100 shares of the cloud computing company’s stock after selling 1,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Citrix Systems were worth $1,509,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Achmea Investment Management B.V. bought a new stake in Citrix Systems during the first quarter worth about $1,798,000. Tower Research Capital LLC TRC increased its stake in Citrix Systems by 121.8% in the first quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the cloud computing company’s stock worth $342,000 after buying an additional 2,253 shares during the last quarter. Bank of Nova Scotia increased its stake in Citrix Systems by 48.5% in the first quarter. Bank of Nova Scotia now owns 35,746 shares of the cloud computing company’s stock worth $2,981,000 after buying an additional 11,681 shares during the last quarter. FNY Partners Fund LP increased its stake in Citrix Systems by 3,252.0% in the first quarter. FNY Partners Fund LP now owns 16,760 shares of the cloud computing company’s stock worth $1,397,000 after buying an additional 16,260 shares during the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in Citrix Systems during the first quarter worth about $291,000. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Citrix Systems, Inc. (NASDAQ CTXS) traded up 0.84% during mid-day trading on Friday, reaching $78.16. 1,499,881 shares of the company traded hands. The company has a market capitalization of $12.20 billion, a P/E ratio of 26.33 and a beta of 1.49. Citrix Systems, Inc. has a 52-week low of $64.11 and a 52-week high of $87.99. The stock has a 50 day moving average price of $80.46 and a 200-day moving average price of $80.96.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the 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 business had revenue of $693 million during the quarter, compared to the consensus estimate of $690.83 million. During the same period in the prior year, the company posted $1.20 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday. Barclays PLC reiterated an “overweight” rating and set a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a research note on Thursday. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a research note on Monday, July 31st. Finally, Jefferies Group LLC decreased their price objective on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating for the company in a research note on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $90.13.

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.

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

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