Commonwealth Equity Services LLC raised its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,100 shares of the scientific and technical instruments company's stock after purchasing an additional 2,114 shares during the period. Commonwealth Equity Services LLC's holdings in Keysight Technologies were worth $3,711,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in KEYS. PNC Financial Services Group Inc. grew its holdings in Keysight Technologies by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock worth $8,896,000 after acquiring an additional 1,755 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Keysight Technologies by 26.2% in the fourth 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 last quarter. Sequoia Financial Advisors LLC raised its stake in Keysight Technologies by 8.9% during 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 buying an additional 2,260 shares in the last quarter. Portfolio Design Labs LLC lifted its holdings in Keysight Technologies by 17.7% during the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock worth $2,498,000 after buying an additional 2,336 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Keysight Technologies by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company's stock valued at $697,411,000 after acquiring an additional 323,235 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded Keysight Technologies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Robert W. Baird boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, StockNews.com cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.44.
Check Out Our Latest Stock Analysis on KEYS
Insiders Place Their Bets
In related news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the sale, the senior vice president now directly owns 85,829 shares of the company's stock, valued at $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by company insiders.
Keysight Technologies Price Performance
Shares of KEYS stock traded down $4.75 during mid-day trading on Friday, hitting $150.40. 767,569 shares of the stock traded hands, compared to its average volume of 1,150,941. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The firm has a market cap of $25.99 billion, a price-to-earnings ratio of 42.97, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The company's 50-day simple moving average is $166.07 and its 200-day simple moving average is $162.27. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20.
Keysight Technologies Company 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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