Shares of Citrix Systems (CTXS) Sees Large Inflow of Net Money Flow

Citrix Systems (CTXS): $0.94 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 3.76. The value of trades done on upticks was $1.29 million, whereas, trades done on downticks were valued at $0.34 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.96 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.96 million. Citrix Systems (CTXS) fell $0.12 traded at $85.1, a change of -0.14% over the previous day. The stock is 0.31% for the week.


Citrix Systems (CTXS) stock is expected to deviate a maximum of $6.16 from the average target price of $89.73 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $98 and the most muted being $80.

Citrix Systems (NASDAQ:CTXS): stock turned positive on Friday. Though the stock opened at $85.42, the bulls momentum made the stock top out at $87.1 level for the day. The stock recorded a low of $84.9 and closed the trading day at $87.08, in the green by 2.18%. The total traded volume for the day was 1,223,786. The stock had closed at $85.22 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Demo Murray J, Director of CITRIX SYSTEMS INC, had unloaded 1,000 shares at an average price of $79.49 in a transaction dated on June 29, 2016. The total value of the transaction was worth $79,490.

Citrix Systems, Inc. provides virtualization, mobility management, networking and SaaS solutions to businesses. The Companys 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 divisions 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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