Ray Gerald L & Associates Ltd. continued to hold its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,125 shares of the cloud computing company’s stock at the end of the second quarter. Ray Gerald L & Associates Ltd.’s holdings in Citrix Systems were worth $567,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Alps Advisors Inc. boosted its stake in shares of Citrix Systems by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,838 shares of the cloud computing company’s stock valued at $465,000 after buying an additional 15 shares during the last quarter. Blair William & Co. IL raised its position in shares of Citrix Systems by 0.6% in the first quarter. Blair William & Co. IL now owns 7,987 shares of the cloud computing company’s stock valued at $658,000 after buying an additional 49 shares during the last quarter. Cleararc Capital Inc. raised its position in shares of Citrix Systems by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the cloud computing company’s stock valued at $321,000 after buying an additional 58 shares during the last quarter. Clean Yield Group raised its position in shares of Citrix Systems by 0.9% in the first quarter. Clean Yield Group now owns 7,739 shares of the cloud computing company’s stock valued at $645,000 after buying an additional 70 shares during the last quarter. Finally, Creative Planning raised its position in shares of Citrix Systems by 2.5% in the second quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock valued at $259,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 93.62% of the company’s stock.

Citrix Systems, Inc. (NASDAQ CTXS) opened at 76.99 on Thursday. The firm has a 50-day moving average of $78.37 and a 200-day moving average of $81.10. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 25.94 and a beta of 1.49. Citrix Systems, Inc. has a one year low of $64.11 and a one year 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.02. The firm had revenue of $693 million for 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 company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. Analysts anticipate that Citrix Systems, Inc. will post $4.63 EPS for the current year.

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A number of research firms recently issued reports on CTXS. BidaskClub lowered Citrix Systems from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and set a $77.00 price target on shares of Citrix Systems in a report on Thursday, August 3rd. Barclays PLC restated an “overweight” rating and issued a $90.00 price objective (up previously from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “sell” rating and issued a $61.00 price objective on shares of Citrix Systems in a research report on Friday, August 11th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $85.00 price objective on shares of Citrix Systems in a research report on Monday, July 31st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target 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.

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

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