Corebridge Financial Inc. lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,097 shares of the scientific and technical instruments company's stock after selling 6,131 shares during the period. Corebridge Financial Inc.'s holdings in Keysight Technologies were worth $6,601,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in shares of Keysight Technologies by 12.9% in the 3rd quarter. Cerity Partners LLC now owns 9,994 shares of the scientific and technical instruments company's stock valued at $1,588,000 after purchasing an additional 1,140 shares during the last quarter. Algert Global LLC bought a new position in Keysight Technologies during the 3rd quarter valued at about $727,000. Truvestments Capital LLC purchased a new position in shares of Keysight Technologies during the third quarter valued at approximately $28,000. The Manufacturers Life Insurance Company grew its stake in shares of Keysight Technologies by 1.9% during the third quarter. The Manufacturers Life Insurance Company now owns 107,592 shares of the scientific and technical instruments company's stock valued at $17,100,000 after buying an additional 2,013 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Keysight Technologies during the 3rd quarter worth approximately $85,000. Hedge funds and other institutional investors own 84.58% of the company's stock.
Analysts Set New Price Targets
KEYS has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. JPMorgan Chase & Co. raised shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Robert W. Baird lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company upped their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.44.
Read Our Latest Report on KEYS
Keysight Technologies Price Performance
Shares of Keysight Technologies stock traded up $0.27 on Wednesday, reaching $150.31. The company's stock had a trading volume of 105,591 shares, compared to its average volume of 1,004,135. The company has a market capitalization of $25.97 billion, a P/E ratio of 42.94, a PEG ratio of 2.41 and a beta of 1.12. The stock has a 50-day moving average price of $165.33 and a 200-day moving average price of $162.48. 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 52-week low of $119.72 and a 52-week high of $186.20.
Insider Activity at Keysight Technologies
In other news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 115,063 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.
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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