Baird Financial Group Inc. Has $439,000 Position in Citrix Systems, Inc. (NASDAQ:CTXS)

Baird Financial Group Inc. lessened its holdings in Citrix Systems, Inc. (NASDAQ:CTXSGet Rating) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,521 shares of the cloud computing company’s stock after selling 181 shares during the period. Baird Financial Group Inc.’s holdings in Citrix Systems were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTXS. Metis Global Partners LLC bought a new stake in shares of Citrix Systems in the 2nd quarter valued at approximately $364,000. Kentucky Retirement Systems Insurance Trust Fund grew its position in Citrix Systems by 15.8% in the second quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,261 shares of the cloud computing company’s stock valued at $414,000 after acquiring an additional 580 shares during the period. Kentucky Retirement Systems raised its stake in Citrix Systems by 16.4% during the second quarter. Kentucky Retirement Systems now owns 9,257 shares of the cloud computing company’s stock worth $900,000 after acquiring an additional 1,307 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Citrix Systems by 1.8% during the second quarter. Texas Permanent School Fund now owns 16,474 shares of the cloud computing company’s stock valued at $1,601,000 after acquiring an additional 296 shares during the period. Finally, State of Michigan Retirement System grew its holdings in shares of Citrix Systems by 7.0% in the 2nd quarter. State of Michigan Retirement System now owns 33,664 shares of the cloud computing company’s stock worth $3,271,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Citrix Systems in a report on Wednesday, October 12th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.00.

Citrix Systems Price Performance

Citrix Systems stock opened at $103.90 on Tuesday. The business’s fifty day moving average is $103.85 and its two-hundred day moving average is $101.63. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market cap of $13.18 billion, a P/E ratio of 40.12 and a beta of 0.08. Citrix Systems, Inc. has a 52 week low of $78.07 and a 52 week high of $108.84.

About Citrix Systems

(Get Rating)

Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.

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

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