Investors purchased shares of Citrix Systems Inc. (NASDAQ:CTXS) on weakness during trading 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 stocks 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 analysts have commented on the stock. Mizuho raised their target price on shares of Citrix Systems from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday. Zacks Investment Research raised shares of Citrix Systems from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Tuesday, June 21st. William Blair reaffirmed a “market perform” rating on shares of Citrix Systems in a research note on Wednesday. Jefferies Group reaffirmed a “hold” rating on shares of Citrix Systems in a research note on Thursday, May 26th. Finally, MKM Partners reaffirmed a “buy” rating on shares of Citrix Systems in a research note on Thursday, May 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $84.95.

The company has a market capitalization of $13.51 billion and a price-to-earnings ratio of 36.96. The company’s 50-day moving average price is $83.89 and its 200-day moving average price is $77.69.

In other Citrix Systems news, CFO David J. Henshall sold 861 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $85.00, for a total value of $73,185.00. Following the completion of the transaction, the chief financial officer now owns 263,262 shares in the company, valued at approximately $22,377,270. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $79.49, for a total value of $79,490.00. Following the completion of the transaction, the director now owns 18,405 shares of the company’s stock, valued at approximately $1,463,013.45. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Citrix Systems by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 13,133,314 shares of the cloud computing company’s stock worth $993,535,000 after buying an additional 150,594 shares during the period. Bank of Montreal Can increased its position in shares of Citrix Systems by 75.2% in the fourth quarter. Bank of Montreal Can now owns 3,795,253 shares of the cloud computing company’s stock worth $287,111,000 after buying an additional 1,628,957 shares during the period. Cibc World Markets Corp increased its position in shares of Citrix Systems by 261.8% in the fourth quarter. Cibc World Markets Corp now owns 1,277,755 shares of the cloud computing company’s stock worth $96,662,000 after buying an additional 924,635 shares during the period. Atlantic Trust Group LLC increased its position in shares of Citrix Systems by 1.7% in the fourth quarter. Atlantic Trust Group LLC now owns 866,908 shares of the cloud computing company’s stock worth $65,581,000 after buying an additional 14,763 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in shares of 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.

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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