Amundi cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,268,622 shares of the scientific and technical instruments company's stock after selling 48,260 shares during the quarter. Amundi owned 1.89% of Keysight Technologies worth $538,963,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Keysight Technologies in the third quarter worth $28,000. Erste Asset Management GmbH bought a new position in shares of Keysight Technologies during the third quarter worth about $29,000. Goodman Advisory Group LLC acquired a new stake in shares of Keysight Technologies in the 3rd quarter worth about $35,000. Groupama Asset Managment grew its position in Keysight Technologies by 76.6% in the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 9,437 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock valued at $43,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 84.58% of the company's stock.
Insider Activity at Keysight Technologies
In other news, SVP Mark Adam Wallace sold 6,000 shares of the business's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the transaction, the senior vice president now directly owns 85,829 shares in the company, valued at $13,886,273.91. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on KEYS. Morgan Stanley increased their price objective on Keysight Technologies from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Barclays increased their price target on Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Bank of America boosted their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company raised their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $184.44.
Read Our Latest Analysis on Keysight Technologies
Keysight Technologies Stock Down 1.8 %
NYSE:KEYS traded down $2.83 during trading hours on Monday, hitting $153.06. 1,395,569 shares of the stock traded hands, compared to its average volume of 1,073,691. The firm has a market cap of $26.46 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 2.41 and a beta of 1.10. The firm has a 50 day moving average price of $169.00 and a 200 day moving average price of $162.16. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20.
Keysight Technologies Company Profile
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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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