Is Keysight Technologies Inc (KEYS) Going to Burn These Hedge Funds?

Because Keysight Technologies Inc (NYSE:KEYS) has gone through declining sentiment from the entirety of the hedge funds we track, we can see that there exists a select few hedgies that slashed their full holdings by the end of the third quarter. Intriguingly, Andre F. Perold’s HighVista Strategies dumped the largest investment of the 700 funds tracked by Insider Monkey, comprising an estimated $1.2 million in stock, and Michael Platt and William Reeves’ BlueCrest Capital Mgmt. was right behind this move, as the fund sold off about $0.2 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to Keysight Technologies Inc (NYSE:KEYS). We will take a look at Sun Communities Inc (NYSE:SUI), Senior Housing Properties Trust (NYSE:SNH), United Microelectronics Corp (ADR) (NYSE:UMC), and Southwestern Energy Company (NYSE:SWN). This group of stocks’ market valuations are closest to KEYS’s market valuation.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $404 million. That figure was $144 million in KEYS’s case. Southwestern Energy Company (NYSE:SWN) is the most popular stock in this table. On the other hand United Microelectronics Corp (ADR) (NYSE:UMC) is the least popular one with only 8 bullish hedge fund positions. Keysight Technologies Inc (NYSE:KEYS) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SWN might be a better candidate to consider taking a long position in.

Disclosure: None