Keysight Technologies Inc (KEYS): Hedge Funds Are Snapping Up

Is Keysight Technologies Inc (NYSE:KEYS) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from industry insiders. They fail miserably sometimes, but historically their consensus stock picks outperformed the market after adjusting for known risk factors.

Keysight Technologies Inc (NYSE:KEYS) has seen an increase in support from the world’s most elite money managers in recent months. KEYS was in 21 hedge funds’ portfolios at the end of the third quarter of 2015. There were 18 hedge funds in our database with KEYS positions at the end of the previous quarter. At the end of this article we will also compare KEYS to other stocks, including Arrow Electronics, Inc. (NYSE:ARW), PerkinElmer, Inc. (NYSE:PKI), and Amtrust Financial Services, Inc. (NASDAQ:AFSI) to get a better sense of its popularity.

To the average investor there are a multitude of indicators stock traders use to appraise their holdings. A couple of the best indicators are hedge fund and insider trading signals. We have shown that, historically, those who follow the best picks of the best money managers can outperform the market by a very impressive amount (see the details here).

Now, we’re going to take a glance at the latest action encompassing Keysight Technologies Inc (NYSE:KEYS).

Hedge fund activity in Keysight Technologies Inc (NYSE:KEYS)

At Q3’s end, a total of 21 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 17% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their holdings considerably (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, D. E. Shaw’s D E Shaw has the biggest position in Keysight Technologies Inc (NYSE:KEYS), worth close to $74.2 million, amounting to 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Millennium Management, led by Israel Englander, holding a $15.7 million position; the fund has less than 0.1% of its 13F portfolio invested in the stock. Remaining professional money managers that are bullish include Cliff Asness’s AQR Capital Management, Glenn Russell Dubin’s Highbridge Capital Management and John Overdeck and David Siegel’s Two Sigma Advisors.