Teachers Retirement System of The State of Kentucky cut its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 6.2% during the first quarter, according to its most recent 13F filing 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.
Other large investors also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. bought a new stake in Citrix Systems during the first quarter valued at approximately $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 valued at $342,000 after buying an additional 2,253 shares during the period. 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 valued at $2,981,000 after buying an additional 11,681 shares during the period. 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 valued at $1,397,000 after buying an additional 16,260 shares during the period. Finally, FNY Managed Accounts LLC bought a new stake in Citrix Systems during the first quarter valued at approximately $291,000. 96.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Citrix Systems, Inc. (NASDAQ CTXS) opened at 78.58 on Wednesday. Citrix Systems, Inc. has a 12 month low of $64.11 and a 12 month high of $87.99. The firm has a 50-day moving average price of $82.16 and a 200-day moving average price of $79.60. The stock has a market cap of $11.88 billion, a PE ratio of 25.87 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, April 26th. The cloud computing company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.10. The business had revenue of $662.70 million during the quarter, compared to analyst estimates of $664.16 million. Citrix Systems had a return on equity of 31.02% and a net margin of 14.75%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. Equities analysts forecast that Citrix Systems, Inc. will post $4.64 EPS for the current year.
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Several research firms have commented on CTXS. Jefferies Group LLC dropped their target price on Citrix Systems from $62.00 to $61.00 and set an “underperform” rating on the stock in a report on Friday, April 28th. Deutsche Bank AG dropped their target price on Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Robert W. Baird raised Citrix Systems from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $85.00 to $90.00 in a report on Thursday, April 27th. MKM Partners boosted their target price on Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Finally, BTIG Research reissued a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Two 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 stock. The stock has an average rating of “Hold” and an average price target of $92.80.
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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