Bessemer Group Inc. grew its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,417,437 shares of the scientific and technical instruments company's stock after purchasing an additional 187,558 shares during the quarter. Bessemer Group Inc. owned about 0.82% of Keysight Technologies worth $227,682,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of KEYS. APG Asset Management US Inc. bought a new stake in shares of Keysight Technologies during the fourth quarter valued at approximately $878,000. Martingale Asset Management L P boosted its holdings in shares of Keysight Technologies by 39.3% during the 4th quarter. Martingale Asset Management L P now owns 8,157 shares of the scientific and technical instruments company's stock valued at $1,310,000 after buying an additional 2,303 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Keysight Technologies by 1,027.4% in the 4th quarter. APG Asset Management N.V. now owns 101,642 shares of the scientific and technical instruments company's stock worth $15,767,000 after buying an additional 92,626 shares during the period. Renaissance Technologies LLC bought a new position in shares of Keysight Technologies in the 4th quarter worth about $17,717,000. Finally, Invesco Ltd. increased its stake in shares of Keysight Technologies by 2.1% in the 4th quarter. Invesco Ltd. now owns 2,220,050 shares of the scientific and technical instruments company's stock worth $356,607,000 after acquiring an additional 45,867 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.
Keysight Technologies Stock Up 1.4 %
Shares of KEYS stock traded up $1.84 during mid-day trading on Monday, hitting $135.43. The company's stock had a trading volume of 458,502 shares, compared to its average volume of 1,151,559. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. The stock has a market cap of $23.40 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.41 and a beta of 1.12. The business has a 50-day moving average price of $157.85 and a 200 day moving average price of $161.18.
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of 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 hyperlink. Company insiders own 0.61% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on KEYS shares. Robert W. Baird raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Wells Fargo & Company lifted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, StockNews.com cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $184.44.
Get Our Latest Stock Analysis on KEYS
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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