GAM Holding AG boosted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 17.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,098 shares of the cloud computing company’s stock after buying an additional 4,697 shares during the period. GAM Holding AG’s holdings in Citrix Systems were worth $2,554,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of 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 valued at $400,799,000 after buying an additional 1,321,350 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Citrix Systems during the first quarter valued at approximately $89,128,000. Marshall Wace North America L.P. purchased a new stake in shares of Citrix Systems during the first quarter valued at approximately $89,128,000. Schroder Investment Management Group boosted its stake in shares of 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 valued at $109,459,000 after buying an additional 899,730 shares during the last quarter. Finally, MUFG Securities EMEA plc boosted its stake in shares of 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 valued at $79,221,000 after buying an additional 750,000 shares during the last quarter. 93.62% of the stock is owned by institutional investors and hedge funds.

Citrix Systems, Inc. (NASDAQ:CTXS) opened at 75.60 on Tuesday. The stock’s 50 day moving average price is $78.37 and its 200-day moving average price is $81.10. Citrix Systems, Inc. has a one year low of $64.11 and a one year high of $87.99. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 25.47 and a beta of 1.49.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the 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 firm had revenue of $693 million for the quarter, compared to the consensus estimate of $690.83 million. During the same period last year, the company posted $1.20 earnings per share. Citrix Systems’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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Several equities research analysts recently commented on CTXS shares. BidaskClub cut Citrix Systems from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and issued a $77.00 price target on shares of Citrix Systems in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “sell” rating and issued a $61.00 price target on shares of Citrix Systems in a research note on Friday, August 11th. Barclays PLC reissued an “overweight” rating and issued a $90.00 price target (up previously from $87.00) on shares of Citrix Systems in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $89.25.

About Citrix Systems

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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