Adage Capital Partners GP L.L.C. trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 70.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,135 shares of the scientific and technical instruments company's stock after selling 354,237 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.09% of Keysight Technologies worth $23,634,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Keysight Technologies in the 3rd quarter valued at $120,000. Tidal Investments LLC raised its holdings in Keysight Technologies by 8.0% during the 3rd quarter. Tidal Investments LLC now owns 8,649 shares of the scientific and technical instruments company's stock worth $1,375,000 after purchasing an additional 642 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Keysight Technologies by 2.7% in the third quarter. Principal Financial Group Inc. now owns 239,720 shares of the scientific and technical instruments company's stock valued at $38,099,000 after buying an additional 6,241 shares during the period. Versant Capital Management Inc lifted its stake in shares of Keysight Technologies by 79.4% in the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company's stock valued at $57,000 after purchasing an additional 158 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Keysight Technologies by 109.1% during the 4th quarter. GAMMA Investing LLC now owns 2,064 shares of the scientific and technical instruments company's stock worth $332,000 after buying an additional 1,077 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.
Analysts Set New Price Targets
KEYS has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Robert W. Baird boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on shares of Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, StockNews.com cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.33.
Check Out Our Latest Stock Report on Keysight Technologies
Insider Activity
In other news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the transaction, the chief financial officer now owns 115,063 shares in the company, valued at approximately $17,834,765. This represents a 3.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.
Keysight Technologies Stock Performance
KEYS traded up $0.50 during trading on Tuesday, hitting $144.44. 632,325 shares of the company traded hands, compared to its average volume of 1,148,086. The firm has a market cap of $24.96 billion, a P/E ratio of 41.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The stock's fifty day moving average is $148.61 and its 200 day moving average is $159.71.
About Keysight Technologies
(
Free Report)
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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