Citrix Systems Inc (CTXS) Files Form 4 Insider Selling : David J Henshall Sells 24,139 Shares

Citrix Systems Inc (CTXS): David J Henshall , EVP, COO & CFO of Citrix Systems Inc sold 24,139 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $85.00 per share for a total value of $2,051,815.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, David J Henshall (EVP, COO & CFO) sold 861 shares at $85.00 per share price.On May 13, 2016, William Burley (CVP & Act. GM, Workspace Serv.) sold 1,253 shares at $83.05 per share price.Also, On May 4, 2016, Murray J Demo (director) sold 1,000 shares at $81.52 per share price.On Apr 26, 2016, Christopher Hylen (SVP & GM, Mobility Apps) sold 3,845 shares at $82.44 per share price.

Shares of Citrix Systems (CTXS) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -2.75 points or -3.20% at $83.14 with 30,29,287 shares getting traded. Post opening the session at $85.91, the shares hit an intraday low of $82.99 and an intraday high of $86 and the price vacillated in this range throughout the day. The company has a market cap of $12,895 M and the number of outstanding shares has been calculated to be 15,51,02,010 shares. The 52-week high of Citrix Systems is $90 and the 52-week low is $60.91.

Citrix Systems Money Flow Index Chart

Company has been under the radar of several Street Analysts.Citrix Systems is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 81 from a previous price target of $73 .The Rating was issued on Apr 21, 2016.Citrix Systems is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 98 from a previous price target of $93 .The Rating was issued on Apr 21, 2016.Citrix Systems is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 80 from a previous price target of $70 .The Rating was issued on Apr 21, 2016.

Citrix Systems Inc. provides virtualization mobility management networking and SaaS solutions to businesses. The Company’s solutions offer secure mobile workspaces that provide people with access to apps desktops data and communications on any device over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider division’s Workspace services include mobile platforms desktop and application virtualization citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud documents cloud and workflow cloud. It also offers Professional Services and Technology products which include Citrix HDX FlexCast Citrix personalization technologies NetScaler Software Packet Engine ByteMobile Adaptive Traffic Management System XenMobile and Citrix Internet among others.

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