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

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Consequently, key money managers have jumped into Keysight Technologies Inc (NYSE:KEYS) headfirst. HBK Investments, managed by David Costen Haley, established the biggest position in Keysight Technologies Inc (NYSE:KEYS). According to its latest 13F filing, the fund had $2.4 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also made a $1.6 million investment in the stock during the quarter. The other funds with brand new KEYS positions are Peter Muller’s PDT Partners, Michael Price’s MFP Investors, and Matthew Tewksbury’s Stevens Capital Management.

Let’s also examine hedge fund activity in other stocks similar to Keysight Technologies Inc (NYSE:KEYS). These stocks are Arrow Electronics, Inc. (NYSE:ARW), PerkinElmer, Inc. (NYSE:PKI), Amtrust Financial Services, Inc. (NASDAQ:AFSI), and Sirona Dental Systems, Inc. (NASDAQ:SIRO). All of these stocks’ market caps match KEYS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ARW 27 317004 5
PKI 25 475659 7
AFSI 20 108689 0
SIRO 19 697429 6

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $400 million. That figure was just $179 million in KEYS’s case. Arrow Electronics, Inc. (NYSE:ARW) is the most popular stock in this table. On the other hand Sirona Dental Systems, Inc. (NASDAQ:SIRO) is the least popular one with only 19 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 ARW might be a better candidate to consider a long position.

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