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Citrix Systems Rise 4%

Shares of technology company Citrix Systems, Inc. (CTXS) are up 4 percent on Wednesday's trading on news that activist hedge fund Elliott Management Corp. has invested more than $1 billion in the company.

The investment company also plans to invest more in Citrix Systems and wants the company to do more to improve its lagging stock price.

Currently at $107.64, the stock had traded between $94.66 and $146.94 during the past 52 weeks.

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