Citrix Systems Inc (CTXS) Files Form 4 Insider Selling : William Burley Sells 1,253 Shares

Citrix Systems Inc (CTXS): William Burley , CVP & Act. GM, Workspace Serv. of Citrix Systems Inc sold 1,253 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $83.05 per share for a total value of $104,061.65 , 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 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.Also, On Mar 1, 2016, Timothy A. Minahan (CMO) purchased 4 shares at $71.60 per share price.On Dec 17, 2015, Klaus Oestermann (SVP & GM, Delivery Networks) sold 6,250 shares at $78.00 per share price.

Citrix Systems: On Tuesday, May 10, 2016 heightened volatility was witnessed in Citrix Systems which led to swings in the share price. The shares opened for trading at $81.72 and hit $83.54 on the upside , eventually ending the session at $83.46, with a gain of 2.52% or 2.05 points. The heightened volatility saw the trading volume jump to 14,50,760 shares. The 52-week high of the share price is $90 and the company has a market cap of $12,945 M . The 52-week low of the share price is at $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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