Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 28,024.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 695,243 shares of the cloud computing company’s stock after purchasing an additional 692,771 shares during the period. Old Mutual Global Investors UK Ltd. owned about 0.45% of Citrix Systems worth $55,327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CTXS. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Citrix Systems by 6.9% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,483 shares of the cloud computing company’s stock worth $1,040,000 after purchasing an additional 809 shares during the period. Spot Trading L.L.C. bought a new stake in shares of Citrix Systems during the 1st quarter worth $246,000. American Century Companies Inc. raised its stake in shares of Citrix Systems by 5.2% during the 1st quarter. American Century Companies Inc. now owns 632,118 shares of the cloud computing company’s stock worth $52,712,000 after purchasing an additional 31,427 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Citrix Systems by 9.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the cloud computing company’s stock worth $384,000 after purchasing an additional 400 shares during the period. Finally, US Bancorp DE raised its stake in shares of Citrix Systems by 0.5% during the 1st quarter. US Bancorp DE now owns 26,327 shares of the cloud computing company’s stock worth $2,196,000 after purchasing an additional 122 shares during the period. Institutional investors own 93.63% of the company’s stock.

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) traded down 0.42% during midday trading on Wednesday, hitting $76.67. The stock had a trading volume of 298,374 shares. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 25.83 and a beta of 1.48. Citrix Systems, Inc. has a 12 month low of $64.11 and a 12 month high of $87.99. The stock’s 50 day moving average price is $77.80 and its 200 day moving average price is $81.06.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the consensus estimate 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 million during the quarter, compared to the consensus estimate of $690.83 million. During the same period last year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.

A number of equities research analysts have recently commented on CTXS shares. BidaskClub cut Citrix Systems from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a research note on Monday. Stifel Nicolaus reiterated a “hold” rating and set a $77.00 target price on shares of Citrix Systems in a research note on Thursday, August 3rd. Barclays PLC reiterated an “overweight” rating and set a $90.00 target price (up from $87.00) on shares of Citrix Systems in a research note on Thursday, August 3rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $89.25.

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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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