Bank of Nova Scotia reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 51.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,165 shares of the scientific and technical instruments company's stock after selling 24,275 shares during the quarter. Bank of Nova Scotia's holdings in Keysight Technologies were worth $3,721,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in shares of Keysight Technologies by 8.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock valued at $4,448,000 after purchasing an additional 2,260 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Keysight Technologies by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock valued at $8,896,000 after buying an additional 1,755 shares during the period. Geode Capital Management LLC increased its holdings in shares of Keysight Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock worth $708,349,000 after buying an additional 17,213 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Keysight Technologies by 26.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company's stock valued at $3,018,000 after buying an additional 3,857 shares during the period. Finally, Portfolio Design Labs LLC lifted its holdings in Keysight Technologies by 17.7% in the fourth quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock valued at $2,498,000 after acquiring an additional 2,336 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Keysight Technologies
In other 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on KEYS shares. Wells Fargo & Company upped their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Robert W. Baird upped their target price 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. JPMorgan Chase & Co. dropped 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. Finally, StockNews.com lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. One 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.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $181.33.
View Our Latest Stock Analysis on Keysight Technologies
Keysight Technologies Stock Up 0.5 %
Keysight Technologies stock traded up $0.72 during mid-day trading on Friday, reaching $135.51. 707,764 shares of the company's stock were exchanged, compared to its average volume of 1,152,940. 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 twelve month low of $119.72 and a twelve month high of $186.20. The company has a market cap of $23.42 billion, a P/E ratio of 38.72, a P/E/G ratio of 2.41 and a beta of 1.12. The company has a fifty day moving average of $154.58 and a 200-day moving average of $160.51.
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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