RDL Financial Inc. decreased its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,420 shares of the cloud computing company’s stock after selling 4,336 shares during the period. Citrix Systems makes up 1.9% of RDL Financial Inc.’s portfolio, making the stock its 18th largest position. RDL Financial Inc.’s holdings in Citrix Systems were worth $2,500,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC boosted its position in shares of 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 in the last quarter. Fifth Third Bancorp boosted its position in shares of 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 in the last quarter. Greenwood Capital Associates LLC bought a new position in shares of Citrix Systems during the first quarter valued at about $200,000. ZWJ Investment Counsel Inc. bought a new position in shares of Citrix Systems during the first quarter valued at about $225,000. Finally, New Amsterdam Partners LLC NY bought a new position in shares of Citrix Systems during the second quarter valued at about $231,000. 93.62% of the stock is owned by hedge funds and other institutional investors.

Citrix Systems, Inc. (NASDAQ:CTXS) traded up 0.26% during midday trading on Friday, hitting $78.41. 322,211 shares of the stock were exchanged. Citrix Systems, Inc. has a 12 month low of $64.11 and a 12 month high of $87.99. The company has a market cap of $11.88 billion, a PE ratio of 26.42 and a beta of 1.49. The firm’s 50 day moving average price is $78.06 and its 200 day moving average price is $81.06.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.02. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The firm 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 firm earned $1.20 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.

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