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Is Citrix Systems, Inc. (CTXS) A Good Stock To Buy?

Judging by the fact that Citrix Systems, Inc. (NASDAQ:CTXS) has witnessed falling interest from hedge fund managers, logic holds that there exists a select few money managers who were dropping their full holdings heading into Q4. Intriguingly, Jim Simons’s Renaissance Technologies said goodbye to the biggest stake of all the hedgies followed by Insider Monkey, worth close to $17.9 million in stock. Millennium Management Subsidiary’s fund, Blue Arrow Capital Management, also said goodbye to its investment in the company, about $11.9 million worth of CTXS shares. These moves are important to note, as total hedge fund interest dropped by 1 fund heading into Q4.

Let’s go over hedge fund activity in other stocks similar to Citrix Systems, Inc. (NASDAQ:CTXS). We will take a look at Realty Income Corp (NYSE:O), SanDisk Corporation (NASDAQ:SNDK), Coca-Cola Enterprises Inc (NYSE:CCE), and Henry Schein, Inc. (NASDAQ:HSIC). All of these stocks’ market caps match CTXS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
O 13 93579 1
SNDK 38 1024414 -12
CCE 28 847569 -4
HSIC 22 388271 5

As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $588 million. That figure was $1.44 billion in CTXS’s case. SanDisk Corporation (NASDAQ:SNDK) is the most popular stock in this table. On the other hand Realty Income Corp (NYSE:O) is the least popular one with only 13 bullish hedge fund positions. Both Citrix Systems, Inc. (NASDAQ:CTXS) and SanDisk Corporation (NASDAQ:SNDK) are the leaders of this group and have also attracted significant investments from the hedge fund community, north of $1 billion. We think an in-depth analysis into both stocks is necessary before adding them to your portfolio.

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