Candriam S.C.A. reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 205,469 shares of the scientific and technical instruments company's stock after selling 96,935 shares during the quarter. Candriam S.C.A. owned 0.12% of Keysight Technologies worth $33,004,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in KEYS. Truvestments Capital LLC acquired a new position in Keysight Technologies in the 3rd quarter valued at about $28,000. Erste Asset Management GmbH purchased a new position in shares of Keysight Technologies in the third quarter valued at approximately $29,000. Goodman Advisory Group LLC acquired a new position in shares of Keysight Technologies in the third quarter valued at approximately $35,000. Groupama Asset Managment increased its stake in Keysight Technologies by 76.6% during the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 9,437 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings 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 worth $43,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.
Wall Street Analyst Weigh In
KEYS has been the subject of several research reports. Bank of America boosted their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 20th. StockNews.com raised Keysight Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Barclays boosted their price objective on Keysight Technologies from $180.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Susquehanna reaffirmed a "positive" rating and issued a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted their price target 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. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $184.44.
Read Our Latest Research Report on Keysight Technologies
Keysight Technologies Stock Down 1.8 %
Shares of NYSE:KEYS traded down $2.83 during trading on Monday, hitting $153.06. 1,403,533 shares of the company were exchanged, compared to its average volume of 1,075,067. The firm's 50 day moving average price is $169.00 and its 200-day moving average price is $162.16. 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 $26.46 billion, a P/E ratio of 43.73, a PEG ratio of 2.41 and a beta of 1.10.
Insider Activity at Keysight Technologies
In other 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 transaction of $970,740.00. Following the sale, the senior vice president now owns 85,829 shares in the company, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.
Keysight Technologies Company 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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