Arrowstreet Capital Limited Partnership Boosts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Arrowstreet Capital Limited Partnership lifted its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 503,177 shares of the scientific and technical instruments company's stock after acquiring an additional 153,777 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.29% of Keysight Technologies worth $80,825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in Keysight Technologies by 12.9% during the 3rd quarter. Cerity Partners LLC now owns 9,994 shares of the scientific and technical instruments company's stock valued at $1,588,000 after acquiring an additional 1,140 shares during the period. The Manufacturers Life Insurance Company raised its stake in Keysight Technologies by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 107,592 shares of the scientific and technical instruments company's stock valued at $17,100,000 after buying an additional 2,013 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Keysight Technologies by 10.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,563 shares of the scientific and technical instruments company's stock valued at $5,334,000 after buying an additional 3,293 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Keysight Technologies by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 7,579 shares of the scientific and technical instruments company's stock worth $1,205,000 after buying an additional 900 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Keysight Technologies by 27.6% in the third quarter. Captrust Financial Advisors now owns 6,940 shares of the scientific and technical instruments company's stock worth $1,103,000 after acquiring an additional 1,502 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

KEYS has been the subject of several research reports. Robert W. Baird upped their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Wells Fargo & Company upped their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded Keysight Technologies from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $170.00 to $200.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $184.44.

Insider Transactions at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value 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 trade represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Keysight Technologies Price Performance

NYSE KEYS traded down $8.97 on Friday, reaching $126.76. The company had a trading volume of 2,107,026 shares, compared to its average volume of 1,155,570. The stock has a market capitalization of $21.91 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The firm's 50 day moving average price is $163.25 and its 200 day moving average price is $162.15.

Keysight Technologies Company Profile

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.