HL Financial Services LLC decreased its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 8,538 shares of the cloud computing company’s stock after selling 199 shares during the period. HL Financial Services LLC’s holdings in Citrix Systems were worth $679,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock valued at $113,000 after buying an additional 35 shares during the period. YorkBridge Wealth Partners LLC increased its stake in 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 during the period. Fifth Third Bancorp increased its stake in 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 during the period. Greenwood Capital Associates LLC bought a new stake in Citrix Systems during the first quarter valued at about $200,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in Citrix Systems during the first quarter valued at about $225,000. Institutional investors own 97.21% of the company’s stock.

Citrix Systems, Inc. (NASDAQ:CTXS) opened at 74.61 on Friday. The stock has a 50 day moving average price of $79.66 and a 200 day moving average price of $80.99. Citrix Systems, Inc. has a 52-week low of $64.18 and a 52-week high of $87.99. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 25.14 and a beta of 1.49.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.02. The business had revenue of $693 million during the quarter, compared to the consensus estimate of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. Analysts anticipate that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

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CTXS has been the subject of several recent analyst reports. MKM Partners increased their target price on Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Stifel Nicolaus restated a “hold” rating and set a $77.00 target price on shares of Citrix Systems in a research note on Wednesday. Royal Bank Of Canada restated a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a research note on Monday, July 31st. Deutsche Bank AG decreased their target price on Citrix Systems from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Finally, BTIG Research restated a “neutral” rating on shares of Citrix Systems in a research note on Monday, April 24th. Four equities research 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 presently has a consensus rating of “Hold” and an average 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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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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