Invesco Ltd. grew its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,220,050 shares of the scientific and technical instruments company's stock after acquiring an additional 45,867 shares during the period. Invesco Ltd. owned 1.28% of Keysight Technologies worth $356,607,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its position in Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock worth $4,448,000 after buying an additional 2,260 shares during the period. PNC Financial Services Group Inc. increased its holdings in Keysight Technologies by 3.3% in 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 purchasing an additional 1,755 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Keysight Technologies by 26.2% during 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 acquiring an additional 3,857 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Keysight Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock worth $708,349,000 after acquiring an additional 17,213 shares during the period. Finally, Portfolio Design Labs LLC boosted its position in Keysight Technologies by 17.7% during the fourth quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock valued at $2,498,000 after acquiring an additional 2,336 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.
Keysight Technologies Price Performance
Shares of KEYS traded up $0.96 during midday trading on Tuesday, hitting $137.35. 171,468 shares of the company traded hands, compared to its average volume of 1,151,110. 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 $23.74 billion, a P/E ratio of 39.24, 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 $157.02 and a 200-day moving average of $161.02.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on KEYS. StockNews.com lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Robert W. Baird upped their price objective on 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 target price for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Finally, Wells Fargo & Company lifted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $184.44.
View Our Latest Research Report on KEYS
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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