Northwestern Mutual Investment Management Company LLC increased its position in shares of Citrix Systems Inc. (NASDAQ:CTXS) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,916 shares of the cloud computing company’s stock after buying an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Citrix Systems were worth $474,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can bought a new position in shares of Citrix Systems during the second quarter worth $213,278,000. FMR LLC increased its position in shares of Citrix Systems by 65.3% in the second quarter. FMR LLC now owns 4,754,745 shares of the cloud computing company’s stock worth $380,807,000 after buying an additional 1,878,884 shares during the period. Norges Bank bought a new position in shares of Citrix Systems during the fourth quarter worth $109,825,000. ING Groep NV increased its position in shares of Citrix Systems by 8,880.2% in the second quarter. ING Groep NV now owns 725,958 shares of the cloud computing company’s stock worth $58,135,000 after buying an additional 717,874 shares during the period. Finally, AJO LP increased its position in shares of Citrix Systems by 43.5% in the second quarter. AJO LP now owns 2,290,912 shares of the cloud computing company’s stock worth $183,479,000 after buying an additional 694,454 shares during the period. Institutional investors own 97.25% of the company’s stock.
Citrix Systems Inc. (NASDAQ:CTXS) opened at 82.97 on Monday. Citrix Systems Inc. has a 1-year low of $60.91 and a 1-year high of $90.00. The company has a 50-day moving average of $86.74 and a 200 day moving average of $82.71. The stock has a market cap of $12.92 billion, a P/E ratio of 33.43 and a beta of 1.87.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.14 by $0.06. The company earned $843 million during the quarter, compared to analyst estimates of $816.56 million. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. Analysts predict that Citrix Systems Inc. will post $5.06 EPS for the current year.
A number of research analysts recently weighed in on CTXS shares. Jefferies Group downgraded shares of Citrix Systems from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $80.00 to $71.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. Citigroup Inc. upped their target price on shares of Citrix Systems from $93.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research raised shares of Citrix Systems from a “sell” rating to a “buy” rating and set a $100.00 target price for the company in a report on Friday, July 29th. Mizuho upped their target price on shares of Citrix Systems from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, July 21st. Finally, Deutsche Bank AG upped their target price on shares of Citrix Systems from $80.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. Citrix Systems currently has a consensus rating of “Hold” and a consensus price target of $86.67.
In related news, SVP Carlos Sartorius sold 13,290 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $84.51, for a total value of $1,123,137.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $79.49, for a total transaction of $79,490.00. Following the completion of the sale, the director now directly owns 18,405 shares of the company’s stock, valued at approximately $1,463,013.45. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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