Alliancebernstein L.P. reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,134 shares of the scientific and technical instruments company's stock after selling 8,537 shares during the period. Alliancebernstein L.P. owned 0.12% of Keysight Technologies worth $33,433,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Keysight Technologies by 35.8% in the 4th quarter. Wellington Management Group LLP now owns 16,039 shares of the scientific and technical instruments company's stock worth $2,576,000 after acquiring an additional 4,228 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Keysight Technologies by 28.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,450 shares of the scientific and technical instruments company's stock valued at $1,357,000 after purchasing an additional 1,853 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Keysight Technologies by 44.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 503,177 shares of the scientific and technical instruments company's stock worth $80,825,000 after purchasing an additional 153,777 shares during the period. Allianz SE acquired a new stake in shares of Keysight Technologies during the 4th quarter worth about $1,440,000. Finally, Allstate Corp purchased a new stake in Keysight Technologies in the 4th quarter valued at about $813,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on KEYS. JPMorgan Chase & Co. upgraded 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. StockNews.com cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Wells Fargo & Company raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Robert W. Baird boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies has a consensus rating of "Moderate Buy" and an average price target of $184.44.
Read Our Latest Research Report on Keysight Technologies
Insider Buying and Selling
In related news, CFO Neil Dougherty sold 3,632 shares of the firm'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 transaction of $562,960.00. Following the transaction, the chief financial officer now owns 115,063 shares in the company, valued at $17,834,765. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is owned by company insiders.
Keysight Technologies Stock Up 0.0 %
Shares of NYSE:KEYS traded up $0.02 during trading on Friday, hitting $133.43. 1,590,979 shares of the company were exchanged, compared to its average volume of 1,158,643. The firm's 50 day moving average price is $157.85 and its 200-day moving average price is $161.16. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. 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 $23.06 billion, a P/E ratio of 38.12, a PEG ratio of 2.41 and a beta of 1.12.
Keysight Technologies Profile
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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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