CIBC Private Wealth Group LLC Cuts Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

CIBC Private Wealth Group LLC trimmed its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,694 shares of the scientific and technical instruments company's stock after selling 6,644 shares during the quarter. CIBC Private Wealth Group LLC owned 0.12% of Keysight Technologies worth $34,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Keysight Technologies during the fourth quarter worth $320,707,000. Boston Partners boosted its holdings in shares of Keysight Technologies by 21.7% in the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock worth $637,125,000 after buying an additional 704,920 shares during the last quarter. Madison Investment Advisors LLC bought a new position in Keysight Technologies during the fourth quarter valued at about $88,166,000. Los Angeles Capital Management LLC increased its holdings in Keysight Technologies by 330.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 673,872 shares of the scientific and technical instruments company's stock worth $108,244,000 after buying an additional 517,267 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its position in Keysight Technologies by 282.4% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 626,145 shares of the scientific and technical instruments company's stock worth $100,586,000 after acquiring an additional 462,403 shares during the period. Institutional investors own 84.58% of the company's stock.

Keysight Technologies Price Performance

Shares of KEYS traded down $8.97 during midday trading on Friday, hitting $126.76. 2,107,026 shares of the company traded hands, compared to its average volume of 1,154,761. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The firm has a market cap of $21.91 billion, a P/E ratio of 36.22, a PEG ratio of 2.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The stock has a 50-day moving average of $163.25 and a 200-day moving average of $162.07.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were 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 of the company's stock, valued at $17,834,765. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KEYS. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Robert W. Baird boosted their target price on 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 Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Wells Fargo & Company boosted 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. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $184.44.

About Keysight Technologies

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.