Investors bought shares of Citrix Systems Inc. (NASDAQ:CTXS) on weakness during trading hours on Thursday. $48.39 million flowed into the stock on the tick-up and $12.46 million flowed out of the stock on the tick-down, for a money net flow of $35.93 million into the stock. Of all equities tracked, Citrix Systems had the 12th highest net in-flow for the day. Citrix Systems traded down ($0.77) for the day and closed at $85.22

Several brokerages have issued reports on CTXS. Mizuho raised their price objective on shares of Citrix Systems from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. William Blair reaffirmed a “market perform” rating on shares of Citrix Systems in a research report on Wednesday. MKM Partners reaffirmed a “buy” rating and set a $98.00 target price on shares of Citrix Systems in a research report on Tuesday, July 12th. Jefferies Group reaffirmed a “hold” rating on shares of Citrix Systems in a research report on Tuesday, July 5th. Finally, Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $84.95.

The firm has a market capitalization of $13.22 billion and a P/E ratio of 36.17. The stock’s 50-day moving average price is $83.87 and its 200-day moving average price is $77.60.

In other Citrix Systems news, CFO David J. Henshall sold 24,139 shares of the stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $85.00, for a total transaction of $2,051,815.00. Following the sale, the chief financial officer now directly owns 239,123 shares in the company, valued at approximately $20,325,455. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Murray J. Demo sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $79.49, for a total transaction of $79,490.00. Following the sale, the director now owns 18,405 shares in the company, valued at $1,463,013.45. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in CTXS. Cornerstone Capital Management Holdings LLC. raised its stake in Citrix Systems by 12.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 377,240 shares of the cloud computing company’s stock worth $28,539,000 after buying an additional 42,872 shares during the period. Twin Capital Management Inc. purchased a new stake in shares of Citrix Systems during the fourth quarter worth approximately $1,753,000. USA Financial Portformulas Corp increased its stake in shares of Citrix Systems by 49.4% in the fourth quarter. USA Financial Portformulas Corp now owns 150,517 shares of the cloud computing company’s stock worth $11,387,000 after buying an additional 49,762 shares in the last quarter. BP PLC increased its stake in shares of Citrix Systems by 225.0% in the fourth quarter. BP PLC now owns 65,000 shares of the cloud computing company’s stock worth $4,916,000 after buying an additional 45,000 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Citrix Systems by 2.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 48,335 shares of the cloud computing company’s stock worth $3,657,000 after buying an additional 1,170 shares in the last quarter.

Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.

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