Connor Clark & Lunn Investment Management Ltd. boosted its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 607.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,959 shares of the scientific and technical instruments company's stock after purchasing an additional 37,745 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Keysight Technologies were worth $7,061,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Keysight Technologies by 2.5% in the third quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company's stock valued at $1,248,773,000 after purchasing an additional 194,294 shares during the period. Swedbank AB increased its position in Keysight Technologies by 7.1% in the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company's stock valued at $702,671,000 after acquiring an additional 292,372 shares during the period. Geode Capital Management LLC raised its stake in Keysight Technologies by 7.9% during 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Keysight Technologies by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,015,675 shares of the scientific and technical instruments company's stock worth $163,148,000 after acquiring an additional 28,754 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in Keysight Technologies by 27.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company's stock worth $158,692,000 after acquiring an additional 216,564 shares during the period. 84.58% of the stock is currently owned by institutional investors.
Insider Activity
In related news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares of the company's stock, valued at approximately $13,886,273.91. This trade represents a 6.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on KEYS shares. Morgan Stanley lifted their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Susquehanna restated a "positive" rating and set a $185.00 price target on shares of Keysight Technologies in a research report on Wednesday, November 20th. Robert W. Baird increased their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Barclays raised their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Bank of America upped their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies has an average rating of "Moderate Buy" and an average target price of $184.44.
Read Our Latest Report on Keysight Technologies
Keysight Technologies Price Performance
KEYS stock traded up $2.69 on Wednesday, hitting $155.42. 946,777 shares of the company's stock traded hands, compared to its average volume of 1,051,349. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The stock has a market cap of $26.86 billion, a price-to-earnings ratio of 44.41, a P/E/G ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The stock has a fifty day moving average of $167.43 and a 200-day moving average of $162.04.
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.
Further Reading
Before you consider Keysight Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Keysight Technologies wasn't on the list.
While Keysight Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
