Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...