Caxton Associates LP grew its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,100 shares of the cloud computing company’s stock after purchasing an additional 600 shares during the period. Caxton Associates LP’s holdings in Citrix Systems were worth $565,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in Citrix Systems by 10.3% during the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock worth $152,000 after purchasing an additional 171 shares during the last quarter. Greenwood Capital Associates LLC lifted its stake in Citrix Systems by 12.0% during 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. Global X Management Co. LLC lifted its stake in Citrix Systems by 18.4% during the first quarter. Global X Management Co. LLC now owns 2,877 shares of the cloud computing company’s stock worth $240,000 after purchasing an additional 448 shares during the last quarter. New Amsterdam Partners LLC NY bought a new stake in Citrix Systems during the second quarter worth about $231,000. Finally, Spot Trading L.L.C. bought a new stake in Citrix Systems during the first quarter worth about $246,000. 93.62% of the stock is owned by hedge funds and other institutional investors.
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Several brokerages have issued reports on CTXS. Royal Bank Of Canada reaffirmed a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a research note on Tuesday. BidaskClub lowered Citrix Systems from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Robert W. Baird set a $90.00 price target on Citrix Systems and gave the stock a “buy” rating in a research note on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $77.00 price target on shares of Citrix Systems in a research note on Thursday, August 3rd. Finally, Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Citrix Systems presently has an average rating of “Hold” and an average price target of $89.45.
Citrix Systems, Inc. (NASDAQ:CTXS) traded down 0.95% on Wednesday, reaching $80.43. The company’s stock had a trading volume of 140,262 shares. The firm has a 50-day moving average of $77.00 and a 200-day moving average of $80.36. The company has a market capitalization of $12.19 billion, a PE ratio of 27.10 and a beta of 1.49. Citrix Systems, Inc. has a one year low of $64.79 and a one year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 EPS. Analysts predict that Citrix Systems, Inc. will post $4.63 EPS for the current year.
Citrix Systems 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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