Nordea Investment Management AB raised its position in shares of Citrix Systems Inc. (NASDAQ:CTXS) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,915,589 shares of the cloud computing company’s stock after buying an additional 209,368 shares during the period. Nordea Investment Management AB owned 1.22% of Citrix Systems worth $153,420,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CTXS. Arrowgrass Capital Partners US LP raised its stake in shares of Citrix Systems by 65.3% in the first quarter. Arrowgrass Capital Partners US LP now owns 278,421 shares of the cloud computing company’s stock worth $21,878,000 after buying an additional 109,952 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Citrix Systems by 39.6% in the first quarter. Envestnet Asset Management Inc. now owns 53,498 shares of the cloud computing company’s stock worth $4,204,000 after buying an additional 15,178 shares during the period. Bayesian Capital Management LP raised its stake in shares of Citrix Systems by 4.1% in the first quarter. Bayesian Capital Management LP now owns 5,029 shares of the cloud computing company’s stock worth $395,000 after buying an additional 200 shares during the period. National Pension Service raised its stake in shares of Citrix Systems by 4.6% in the first quarter. National Pension Service now owns 110,567 shares of the cloud computing company’s stock worth $8,688,000 after buying an additional 4,883 shares during the period. Finally, AMP Capital Investors Ltd raised its stake in shares of Citrix Systems by 9.8% in the first quarter. AMP Capital Investors Ltd now owns 150,712 shares of the cloud computing company’s stock worth $11,725,000 after buying an additional 13,471 shares during the period. Institutional investors own 96.92% of the company’s stock.

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

Citrix Systems Inc. (NASDAQ:CTXS) traded down 0.56% on Monday, hitting $83.17. The company had a trading volume of 1,101,032 shares. The stock has a market capitalization of $12.95 billion, a PE ratio of 33.51 and a beta of 1.94. The stock has a 50 day moving average of $85.01 and a 200-day moving average of $83.95. Citrix Systems Inc. has a one year low of $60.91 and a one year high of $90.00.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. The business had revenue of $843 million for the quarter, compared to analyst estimates of $816.56 million. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 earnings per share. Equities analysts anticipate that Citrix Systems Inc. will post $5.06 EPS for the current year.

CTXS has been the subject of a number of research reports. BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, July 27th. Deutsche Bank AG lifted their price objective on Citrix Systems from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Morgan Stanley lifted their price objective on Citrix Systems from $70.00 to $77.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 27th. Stifel Nicolaus lowered Citrix Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Finally, Barclays PLC lifted their price objective on Citrix Systems from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. Citrix Systems presently has a consensus rating of “Hold” and a consensus price target of $87.30.

In other Citrix Systems news, Director Murray J. Demo sold 1,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $88.99, for a total value of $88,990.00. Following the transaction, the director now owns 20,516 shares in the company, valued at $1,825,718.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jessica Soisson sold 6,140 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $89.01, for a total value of $546,521.40. Following the completion of the transaction, the vice president now owns 18,790 shares in the company, valued at approximately $1,672,497.90. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Citrix Systems Company Profile

Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

5 Day Chart for NASDAQ:CTXS

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