Citrix Systems, Inc. (CTXS) Stake Raised by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale boosted its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 16.6% during the second quarter, Holdings Channel reports. The fund owned 73,901 shares of the cloud computing company’s stock after buying an additional 10,506 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Citrix Systems were worth $5,936,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its position in Citrix Systems by 75.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,562 shares of the cloud computing company’s stock valued at $127,000 after buying an additional 672 shares during the last quarter. Fifth Third Bancorp raised its position in Citrix Systems by 10.3% in the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock valued at $152,000 after buying an additional 171 shares during the last quarter. Greenwood Capital Associates LLC purchased a new position in Citrix Systems during the first quarter valued at approximately $200,000. ZWJ Investment Counsel Inc. purchased a new position in Citrix Systems during the first quarter valued at approximately $225,000. Finally, Atria Investments LLC purchased a new position in Citrix Systems during the second quarter valued at approximately $235,000. 95.80% of the stock is owned by institutional investors.
Citrix Systems, Inc. (CTXS) opened at 74.95 on Wednesday. Citrix Systems, Inc. has a 52 week low of $64.11 and a 52 week high of $87.99. The stock’s 50 day moving average price is $79.32 and its 200 day moving average price is $81.13. The firm has a market capitalization of $11.36 billion, a P/E ratio of 25.25 and a beta of 1.49.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the Zacks’ 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 analysts’ expectations of $690.83 million. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Citrix Systems, Inc. will post $4.63 EPS for the current year.
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CTXS has been the subject of several research analyst reports. MKM Partners lifted their target price on Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Stifel Nicolaus reiterated a “hold” rating and set a $77.00 target price on shares of Citrix Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a research report on Monday, July 31st. Deutsche Bank AG decreased their target price on Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research report on Monday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned 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 price target of $89.25.
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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