Raymond James Trust N.A. Has $287,000 Position in Citrix Systems, Inc. (CTXS)

Raymond James Trust N.A. held its position in Citrix Systems, Inc. (NASDAQ:CTXS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,604 shares of the cloud computing company’s stock at the end of the 2nd quarter. Raymond James Trust N.A.’s holdings in Citrix Systems were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Spot Trading L.L.C. acquired a new position in Citrix Systems during the 1st quarter worth $246,000. Comerica Bank grew its stake in Citrix Systems by 0.3% during the 1st quarter. Comerica Bank now owns 44,467 shares of the cloud computing company’s stock worth $3,621,000 after purchasing an additional 155 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Citrix Systems by 3.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,928,359 shares of the cloud computing company’s stock worth $160,806,000 after purchasing an additional 61,692 shares in the last quarter. TD Asset Management Inc. grew its stake in Citrix Systems by 1.9% during the 1st quarter. TD Asset Management Inc. now owns 63,484 shares of the cloud computing company’s stock worth $5,294,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Citrix Systems by 15.9% during the 1st quarter. Ameriprise Financial Inc. now owns 384,024 shares of the cloud computing company’s stock worth $32,023,000 after purchasing an additional 52,764 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.

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Several research analysts have recently issued reports on the company. BidaskClub cut Citrix Systems from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $77.00 price objective on shares of Citrix Systems in a research report on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a research report on Thursday, August 3rd. Finally, MKM Partners reaffirmed a “buy” rating and set a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a research report on Wednesday, August 9th. Four research 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $89.25.

Citrix Systems, Inc. (CTXS) opened at 76.48 on Wednesday. The firm has a market capitalization of $11.59 billion, a P/E ratio of 25.77 and a beta of 1.48. Citrix Systems, Inc. has a 52 week low of $64.79 and a 52 week high of $87.99. The firm has a 50-day moving average price of $76.40 and a 200-day moving average price of $80.78.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). The business had revenue of $693.00 million during the quarter, compared to the consensus estimate 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 EPS. Equities analysts forecast that Citrix Systems, Inc. will post $4.63 EPS for the current year.

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.

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Institutional Ownership by Quarter for Citrix Systems (NASDAQ:CTXS)

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