Artemis Investment Management LLP bought a new position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 113,140 shares of the cloud computing company’s stock, valued at approximately $9,003,000. Artemis Investment Management LLP owned 0.07% of Citrix Systems at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. boosted its holdings in shares of Citrix Systems by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,838 shares of the cloud computing company’s stock worth $465,000 after purchasing an additional 15 shares during the period. Blair William & Co. IL raised its stake in 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 worth $658,000 after buying an additional 49 shares in the last quarter. Cleararc Capital Inc. raised its stake in Citrix Systems by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the cloud computing company’s stock worth $321,000 after buying an additional 58 shares in the last quarter. Clean Yield Group raised its stake in Citrix Systems by 0.9% in the first quarter. Clean Yield Group now owns 7,739 shares of the cloud computing company’s stock worth $645,000 after buying an additional 70 shares in the last quarter. Finally, Creative Planning raised its stake in Citrix Systems by 2.5% in the second quarter. Creative Planning now owns 3,259 shares of the cloud computing company’s stock worth $259,000 after buying an additional 78 shares in the last quarter. Institutional investors own 93.63% of the company’s stock.
Citrix Systems, Inc. (NASDAQ:CTXS) opened at 76.22 on Friday. Citrix Systems, Inc. has a 52 week low of $64.79 and a 52 week high of $87.99. The stock has a market cap of $11.55 billion, a PE ratio of 25.68 and a beta of 1.48. The stock’s 50 day moving average is $76.56 and its 200 day moving average is $80.82.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. Analysts predict that Citrix Systems, Inc. will post $4.63 EPS for the current year.
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A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $77.00 price target on shares of Citrix Systems in a research note on Wednesday, August 9th. 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. BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and set a $61.00 target price on shares of Citrix Systems in a research note on Friday, August 11th. Four 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 company 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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