TIAA CREF Investment Management LLC Has $77.62 Million Position in Citrix Systems, Inc. (CTXS)

TIAA CREF Investment Management LLC lowered its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 975,391 shares of the cloud computing company’s stock after selling 103,971 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.63% of Citrix Systems worth $77,622,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Citrix Systems by 2.2% during the first quarter. Vanguard Group Inc. now owns 14,743,592 shares of the cloud computing company’s stock worth $1,229,468,000 after acquiring an additional 317,385 shares during the last quarter. Elliott Management Corp boosted its holdings in shares of Citrix Systems by 5.7% in the 1st quarter. Elliott Management Corp now owns 7,091,000 shares of the cloud computing company’s stock valued at $591,318,000 after purchasing an additional 384,456 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Citrix Systems by 35.6% in the 2nd quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock valued at $400,799,000 after purchasing an additional 1,321,350 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Citrix Systems by 10.4% in the 2nd quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock valued at $196,965,000 after purchasing an additional 233,370 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in shares of Citrix Systems by 40.7% in the 1st quarter. Nomura Holdings Inc. now owns 2,023,103 shares of the cloud computing company’s stock valued at $168,767,000 after purchasing an additional 584,905 shares during the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first published by Equities Focus and is the property of of Equities Focus. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.equitiesfocus.com/2017/09/17/tiaa-cref-investment-management-llc-has-77-62-million-position-in-citrix-systems-inc-ctxs.html.

A number of equities analysts have weighed in on CTXS shares. BidaskClub lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Friday, July 28th. 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. Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 price target on shares of Citrix Systems in a report on Thursday, August 3rd. Barclays PLC reiterated an “overweight” rating and issued a $90.00 price target (up previously from $87.00) on shares of Citrix Systems in a report on Thursday, August 3rd. Finally, MKM Partners reiterated a “buy” rating and issued a $90.00 price target (down previously from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Four investment 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 company currently has a consensus rating of “Hold” and an average price target of $89.25.

Shares of Citrix Systems, Inc. (NASDAQ:CTXS) opened at 76.22 on Friday. The stock has a market cap of $11.55 billion, a P/E ratio of 25.68 and a beta of 1.48. Citrix Systems, Inc. has a 1-year low of $64.79 and a 1-year high of $87.99. The company’s 50-day moving average is $76.56 and its 200 day moving average is $80.82.

Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. Citrix Systems’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 earnings per share. Equities research analysts anticipate 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.

Want to see what other hedge funds are holding CTXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citrix Systems, Inc. (NASDAQ:CTXS).

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

Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply