Skandinaviska Enskilda Banken AB publ increased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 303,539 shares of the scientific and technical instruments company's stock after purchasing an additional 27,832 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.18% of Keysight Technologies worth $48,921,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in KEYS. Truvestments Capital LLC acquired a new position in Keysight Technologies in the 3rd quarter valued at $28,000. Erste Asset Management GmbH acquired a new position in shares of Keysight Technologies in the 3rd quarter worth approximately $29,000. Goodman Advisory Group LLC bought a new position in Keysight Technologies during the 3rd quarter worth $35,000. Venturi Wealth Management LLC raised its stake in Keysight Technologies by 100.8% during the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock valued at $43,000 after acquiring an additional 133 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Keysight Technologies by 79.4% during the fourth quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company's stock valued at $57,000 after acquiring an additional 158 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have issued reports on KEYS shares. Wells Fargo & Company upped their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Susquehanna reaffirmed a "positive" rating and issued a $185.00 price target on shares of Keysight Technologies in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Morgan Stanley upped their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Finally, Bank of America lifted 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 research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $184.44.
Get Our Latest Stock Analysis on Keysight Technologies
Insiders Place Their Bets
In other news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total value of $970,740.00. Following the completion of the sale, the senior vice president now owns 85,829 shares in the company, valued at $13,886,273.91. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.61% of the company's stock.
Keysight Technologies Stock Performance
Shares of NYSE:KEYS opened at $149.94 on Thursday. 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 market capitalization of $25.93 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth 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 company's 50 day simple moving average is $168.63 and its 200 day simple moving average is $162.12.
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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