Citrix Systems, Inc. (CTXS) Stake Decreased by Origin Asset Management LLP

Origin Asset Management LLP trimmed its holdings in Citrix Systems, Inc. (NASDAQ:CTXS) by 10.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 349,209 shares of the cloud computing company’s stock after selling 40,500 shares during the quarter. Citrix Systems makes up about 1.7% of Origin Asset Management LLP’s portfolio, making the stock its 21st biggest position. Origin Asset Management LLP owned 0.22% of Citrix Systems worth $27,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bridgewater Associates LP purchased a new stake in shares of Citrix Systems in the second quarter worth approximately $2,911,000. Ameriprise Financial Inc. raised its holdings in shares of Citrix Systems by 10.1% in the second quarter. Ameriprise Financial Inc. now owns 422,841 shares of the cloud computing company’s stock worth $33,641,000 after buying an additional 38,817 shares during the period. Fiera Capital Corp raised its holdings in shares of Citrix Systems by 16.8% in the second quarter. Fiera Capital Corp now owns 6,540 shares of the cloud computing company’s stock worth $521,000 after buying an additional 940 shares during the period. Martingale Asset Management L P raised its holdings in shares of Citrix Systems by 84.6% in the second quarter. Martingale Asset Management L P now owns 76,003 shares of the cloud computing company’s stock worth $6,049,000 after buying an additional 34,841 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its holdings in shares of Citrix Systems by 26.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 177,150 shares of the cloud computing company’s stock worth $14,097,000 after buying an additional 37,262 shares during the period. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Several brokerages have recently weighed in on CTXS. Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 price target on shares of Citrix Systems in a report on Wednesday, August 9th. Barclays PLC reiterated an “overweight” rating and issued a $90.00 price target (up from $87.00) on shares of Citrix Systems in a report on Wednesday, August 9th. MKM Partners reiterated a “buy” rating and issued a $90.00 price target (down from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “sell” rating and issued a $61.00 price target on shares of Citrix Systems in a report on Friday, August 11th. Four 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. The stock presently has an average rating of “Hold” and an average price target of $89.25.

Shares of Citrix Systems, Inc. (NASDAQ CTXS) traded down 0.04% on Wednesday, hitting $76.47. The stock had a trading volume of 161,352 shares. The stock has a 50 day moving average of $77.08 and a 200 day moving average of $80.93. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 25.76 and a beta of 1.48. Citrix Systems, Inc. has a 12-month low of $64.18 and a 12-month 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 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 company had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $690.83 million. During the same period in the prior year, the company posted $1.20 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that Citrix Systems, Inc. will post $4.63 earnings per share for the current fiscal year.

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Citrix Systems 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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