Veriti Management LLC decreased its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS – Get Rating) by 14.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,336 shares of the cloud computing company's stock after selling 1,058 shares during the period. Veriti Management LLC's holdings in Citrix Systems were worth $616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prospera Financial Services Inc bought a new stake in shares of Citrix Systems in the first quarter valued at approximately $31,000. Richelieu Gestion PLC acquired a new position in Citrix Systems in the 1st quarter valued at $40,000. Itau Unibanco Holding S.A. lifted its position in shares of Citrix Systems by 74.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 514 shares of the cloud computing company's stock valued at $49,000 after acquiring an additional 220 shares during the period. Covestor Ltd grew its holdings in shares of Citrix Systems by 81.9% during the 1st quarter. Covestor Ltd now owns 593 shares of the cloud computing company's stock worth $60,000 after purchasing an additional 267 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Citrix Systems in the fourth quarter worth $63,000. Institutional investors and hedge funds own 87.27% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Citrix Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 30th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $89.80.

Citrix Systems Price Performance

Citrix Systems Company Profile

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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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