Wells Fargo & Company MN raised its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 35.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 834,438 shares of the scientific and technical instruments company's stock after purchasing an additional 219,729 shares during the quarter. Wells Fargo & Company MN owned 0.48% of Keysight Technologies worth $134,036,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KEYS. Norges Bank acquired a new position in Keysight Technologies during the fourth quarter worth about $320,707,000. Boston Partners increased its position in shares of Keysight Technologies by 21.7% in the fourth quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock valued at $637,125,000 after buying an additional 704,920 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Keysight Technologies in the 4th quarter worth about $88,166,000. Los Angeles Capital Management LLC grew its stake in Keysight Technologies by 330.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 673,872 shares of the scientific and technical instruments company's stock valued at $108,244,000 after acquiring an additional 517,267 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in Keysight Technologies by 282.4% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 626,145 shares of the scientific and technical instruments company's stock valued at $100,586,000 after acquiring an additional 462,403 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on KEYS shares. Wells Fargo & Company raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research 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 report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $170.00 to $200.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $184.44.
View Our Latest Stock Analysis on KEYS
Keysight Technologies Trading Down 1.2 %
Shares of KEYS traded down $1.55 during mid-day trading on Friday, hitting $131.86. The company had a trading volume of 356,898 shares, compared to its average volume of 1,155,087. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $158.70 and its 200-day simple moving average is $161.29. The stock has a market cap of $22.79 billion, a PE ratio of 37.63, a P/E/G ratio of 2.41 and a beta of 1.12.
Insider Buying and Selling at Keysight Technologies
In related news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 115,063 shares of the company's stock, valued at approximately $17,834,765. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by company 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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