Analyst Price Target Update on Citrix Systems (NASDAQ:CTXS)

Citrix Systems (NASDAQ:CTXS) should head towards $89.07 per share according to 15 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $80 per share. The higher price estimate target is at $98 according to the Analysts.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Citrix Systems Inc, Demo Murray J had sold 1,000 shares worth of $85,720 in a transaction dated May 31, 2016. In this transaction, 1,000 shares were sold at $85.72 per share.

Citrix Systems (NASDAQ:CTXS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.49 points or 0.57% at $85.53 with 1,388,786 shares getting traded. Post opening the session at $85.53, the shares hit an intraday low of $85.06 and an intraday high of $87.03 and the price was in this range throughout the day. The company has a market cap of $13,266 million and the number of outstanding shares have been calculated to be 155,102,010 shares. The 52-week high of Citrix Systems (NASDAQ:CTXS) is $90 and the 52-week low is $60.91.

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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