Its investment was worth $1,325,000 a decrease of $150,000 according to the filing. Arrowstreet Capital Limited Partnership boosted its stake in shares of Citrix Systems by 22.2% during the second quarter.
Mutual Of America Capital Management LLC says it sold 1,275 shares during the last quarter decreasing its exposure to Citrix Systems, Inc.by 6.9%. 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 during the last quarter. Banque Pictet & Cie SA boosted its stake in shares of Citrix Systems by 2.4% during the second quarter. Louisiana State Employees Retirement System downsized its ownership by selling 400 shares a decrease of 4.3%.
As of the end of the quarter Arcadia Investment Management Corp/mi had sold 8,665 shares trimming its stake by 36.0%. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The firm has a market cap of $12.61 billion, a PE ratio of 28.05 and a beta of 1.49. The stock last traded at $83.49 which is a tad above the 50 day moving average which is $78.32 and a tad higher than the 200 day moving average of $80.31.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 19th. As of quarter end Conning Inc. had acquired 10 shares growing its position 0.2%. The company had revenue of $693.00 million during the quarter, compared to analysts' expectations of $690.83 million. Citrix Systems had a net margin of 13.69% and a return on equity of 32.90%. The business's quarterly revenue was up 3.0% compared to the same quarter a year ago. During the same quarter in the previous year, the company posted $1.20 EPS. As of the latest earnings report the EPS was $2.97 and is expected to be $4.63 for the current year with 151,511,000 shares presently outstanding.
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Several large investors have recently made changes to their positions in the stock. Robert W. Baird set a $90.00 target price on shares of Citrix Systems and gave the company a "buy" rating in a research note on Friday, October 6th. Finally, BTIG Research restated a "neutral" rating on shares of Citrix Systems in a report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock.
Employees Retirement System of Texas cut its stake in Citrix Systems, Inc.
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products.