Allstate Corp purchased a new stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,064 shares of the scientific and technical instruments company's stock, valued at approximately $813,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Keysight Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company's stock valued at $3,352,932,000 after buying an additional 55,223 shares during the period. State Street Corp raised its position in shares of Keysight Technologies by 2.5% in the 3rd quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company's stock valued at $1,248,773,000 after acquiring an additional 194,294 shares during the period. Geode Capital Management LLC raised its position in shares of Keysight Technologies by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company's stock valued at $697,411,000 after acquiring an additional 323,235 shares during the period. Boston Partners boosted its stake in Keysight Technologies by 21.7% during the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock worth $637,125,000 after acquiring an additional 704,920 shares during the last quarter. Finally, Norges Bank acquired a new position in Keysight Technologies during the fourth quarter valued at approximately $320,707,000. 84.58% of the stock is currently owned by institutional investors.
Keysight Technologies Stock Down 6.6 %
Shares of Keysight Technologies stock traded down $8.97 during trading on Friday, reaching $126.76. The stock had a trading volume of 2,107,026 shares, compared to its average volume of 1,155,570. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 2.41 and a beta of 1.12. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $186.20. The stock has a fifty day moving average price of $163.25 and a two-hundred day moving average price of $162.15.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on KEYS shares. StockNews.com cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Robert W. Baird boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company raised their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies currently has an average rating of "Moderate Buy" and an average target price of $184.44.
Read Our Latest Stock Report on KEYS
Insiders Place Their Bets
In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. The trade was a 3.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.
Keysight Technologies Profile
(
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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