Should You Now Consider Selling Your Keysight Technologies (KEYS) Shares?

Olstein Capital Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. The market leader for the last three years has emphasized fundamentals and valuation. The recent market correction has resulted in many more free cash flow companies falling into the fundamentally undervalued category. The All Cap Value Fund had an approximately 18% cash position at the top of the recent pandemic rally is now down to approximately 5%, as the fund has restocked the portfolio with what they believe are high-quality free cash flow fundamental value plays that moved into our price range during the recent correction. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Olstein Funds, in its Q4 2021 investor letter, mentioned Keysight Technologies, Inc. (NYSE:KEYS) and discussed its stance on the firm. Founded in 2014, Keysight Technologies, Inc. (NYSE:KEYS) is a Santa Rosa, California-based electronics company with a $29.1 billion market capitalization, and is currently spearheaded by its CEO, Ron Nersesian. Keysight Technologies, Inc. (NYSE:KEYS) delivered a -22.47% return since the beginning of the year, while its 12-month returns are up by 12.60%. The stock closed at $160.11 per share on March 25, 2022.

Here is what Olstein Funds has to say about Keysight Technologies, Inc. (NYSE:KEYS) in its Q4 2021 investor letter:

“As of December 31, 2021, the Olstein Strategic Opportunities Fund portfolio consisted of 40 holdings with an average weighted market capitalization of $6.40 billion. During the reporting period, the Fund eliminated its holdings in Keysight Technologies as the price of each company’s stock reach our valuation level.”

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Our calculations show that Keysight Technologies, Inc. (NYSE:KEYS) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Keysight Technologies, Inc. (NYSE:KEYS) was in 34 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 30 funds in the previous quarter. Keysight Technologies, Inc. (NYSE:KEYS) delivered a -20.51% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.