Capital Fund Management S.A. reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 19.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 141,410 shares of the scientific and technical instruments company's stock after selling 35,230 shares during the period. Capital Fund Management S.A. owned about 0.08% of Keysight Technologies worth $22,715,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Keysight Technologies in the 4th quarter worth about $320,707,000. Boston Partners boosted its stake in shares of 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 valued at $637,125,000 after purchasing an additional 704,920 shares in the last quarter. Madison Investment Advisors LLC bought a new position in shares of Keysight Technologies in the 4th quarter worth approximately $88,166,000. Los Angeles Capital Management LLC lifted its position in Keysight Technologies by 330.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 673,872 shares of the scientific and technical instruments company's stock valued at $108,244,000 after acquiring an additional 517,267 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its position in shares of Keysight Technologies by 282.4% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 626,145 shares of the scientific and technical instruments company's stock worth $100,586,000 after purchasing an additional 462,403 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.
Insider Buying and Selling
In related news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction on 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 directly owns 115,063 shares in the company, valued at approximately $17,834,765. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.
Keysight Technologies Stock Down 0.8 %
NYSE KEYS traded down $1.03 on Wednesday, hitting $135.86. 254,043 shares of the stock were exchanged, compared to its average volume of 1,064,983. The company has a 50-day moving average price of $156.21 and a 200-day moving average price of $160.85. The company has a market cap of $23.48 billion, a PE ratio of 38.82, a PEG ratio of 2.41 and a beta of 1.12. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week 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.
Analyst Upgrades and Downgrades
KEYS has been the topic of several research analyst reports. 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 note on Thursday, February 27th. StockNews.com cut shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Keysight Technologies has a consensus rating of "Moderate Buy" and an average target price of $184.44.
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About Keysight Technologies
(
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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