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Citrix Systems, Inc. (NASDAQ:CTXS): Hedge Funds and Insiders Are Bearish, What Should You Do?

Is Citrix Systems, Inc. (NASDAQ:CTXS) a bargain? Money managers are taking a bearish view. The number of long hedge fund bets dropped by 1 recently.

In the eyes of most stock holders, hedge funds are seen as unimportant, outdated investment vehicles of years past. While there are more than 8000 funds trading today, we at Insider Monkey choose to focus on the masters of this club, around 450 funds. Most estimates calculate that this group controls most of all hedge funds’ total capital, and by watching their highest performing picks, we have revealed a few investment strategies that have historically outstripped Mr. Market. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 25 percentage points in 6.5 month(check out a sample of our picks).

Citrix Systems, Inc. (NASDAQ:CTXS)

Just as integral, positive insider trading sentiment is another way to parse down the investments you’re interested in. Obviously, there are many incentives for an upper level exec to cut shares of his or her company, but only one, very simple reason why they would behave bullishly. Various empirical studies have demonstrated the market-beating potential of this strategy if you know what to do (learn more here).

With all of this in mind, we’re going to take a glance at the key action regarding Citrix Systems, Inc. (NASDAQ:CTXS).

Hedge fund activity in Citrix Systems, Inc. (NASDAQ:CTXS)

At year’s end, a total of 34 of the hedge funds we track were long in this stock, a change of -3% from one quarter earlier. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were upping their stakes meaningfully.

Of the funds we track, Lee Ainslie’s Maverick Capital had the most valuable position in Citrix Systems, Inc. (NASDAQ:CTXS), worth close to $247 million billion, accounting for 3.7% of its total 13F portfolio. The second largest stake is held by David Blood and Al Gore of Generation Investment Management, with a $97 million position; 2.3% of its 13F portfolio is allocated to the stock. Remaining peers that are bullish include Christopher MedlockáJames’s Partner Fund Management, Ken Griffin’s Citadel Investment Group and George Soros’s Soros Fund Management.

Since Citrix Systems, Inc. (NASDAQ:CTXS) has faced declining sentiment from the entirety of the hedge funds we track, we can see that there is a sect of funds that elected to cut their full holdings heading into 2013. Intriguingly, Donald Chiboucis’s Columbus Circle Investors cut the biggest position of the “upper crust” of funds we track, valued at close to $87 million in stock., and Christopher Lord of Criterion Capital was right behind this move, as the fund dumped about $54 million worth. These moves are interesting, as aggregate hedge fund interest was cut by 1 funds heading into 2013.

What do corporate executives and insiders think about Citrix Systems, Inc. (NASDAQ:CTXS)?

Insider purchases made by high-level executives is best served when the company in focus has experienced transactions within the past six months. Over the last half-year time frame, Citrix Systems, Inc. (NASDAQ:CTXS) has experienced zero unique insiders purchasing, and 8 insider sales (see the details of insider trades here).

With the returns demonstrated by the aforementioned strategies, retail investors must always watch hedge fund and insider trading activity, and Citrix Systems, Inc. (NASDAQ:CTXS) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

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