BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in Citrix Systems, Inc. (NASDAQ:CTXS) by 50.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,086 shares of the cloud computing company’s stock after selling 90,565 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of Citrix Systems worth $7,169,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Citrix Systems by 35.6% in the second quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock worth $400,799,000 after buying an additional 1,321,350 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Citrix Systems during the first quarter worth approximately $89,128,000. Marshall Wace North America L.P. purchased a new position in Citrix Systems during the first quarter worth approximately $89,128,000. Schroder Investment Management Group boosted its position in Citrix Systems by 224.0% in the first quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock worth $109,459,000 after buying an additional 899,730 shares in the last quarter. Finally, MUFG Securities EMEA plc boosted its position in Citrix Systems by 375.0% in the first quarter. MUFG Securities EMEA plc now owns 950,000 shares of the cloud computing company’s stock worth $79,221,000 after buying an additional 750,000 shares in the last quarter. 95.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Citrix Systems, Inc. (NASDAQ CTXS) opened at 74.71 on Friday. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 25.17 and a beta of 1.49. The stock has a 50 day moving average of $78.87 and a 200 day moving average of $81.06. Citrix Systems, Inc. has a 12-month low of $64.18 and a 12-month high of $87.99.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ 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 period in the previous year, the business posted $1.20 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current year.

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A number of equities analysts recently commented on CTXS shares. Jefferies Group LLC dropped their price target 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. MKM Partners lifted their price target on shares of Citrix Systems from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Robert W. Baird raised shares of Citrix Systems from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $85.00 to $90.00 in a research note on Thursday, April 27th. Deutsche Bank AG dropped their price target on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a research note on Monday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus 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.

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

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