Holocene Advisors LP Sells 20,794 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Holocene Advisors LP lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 32.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,634 shares of the scientific and technical instruments company's stock after selling 20,794 shares during the period. Holocene Advisors LP's holdings in Keysight Technologies were worth $6,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ascent Group LLC bought a new stake in shares of Keysight Technologies during the 3rd quarter valued at $1,491,000. Benjamin Edwards Inc. boosted its stake in Keysight Technologies by 5,597.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,464 shares of the scientific and technical instruments company's stock worth $1,186,000 after purchasing an additional 7,333 shares during the period. Erste Asset Management GmbH acquired a new position in Keysight Technologies in the 3rd quarter worth $29,000. Verition Fund Management LLC boosted its stake in Keysight Technologies by 106.0% in the 3rd quarter. Verition Fund Management LLC now owns 39,738 shares of the scientific and technical instruments company's stock worth $6,316,000 after purchasing an additional 20,448 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Keysight Technologies by 27.6% in the 3rd quarter. Captrust Financial Advisors now owns 6,940 shares of the scientific and technical instruments company's stock worth $1,103,000 after purchasing an additional 1,502 shares during the period. Institutional investors own 84.58% of the company's stock.

Insider Buying and Selling

In related news, SVP Kailash Narayanan sold 595 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $171.30, for a total transaction of $101,923.50. Following the sale, the senior vice president now owns 35,912 shares of the company's stock, valued at approximately $6,151,725.60. This represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Satish Dhanasekaran sold 17,822 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the sale, the chief executive officer now directly owns 116,582 shares in the company, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,651 shares of company stock worth $3,844,690. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Keysight Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, November 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Bank of America increased their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $177.30.

Keysight Technologies Stock Up 0.8 %

Keysight Technologies stock traded up $1.29 during midday trading on Wednesday, hitting $172.29. 880,568 shares of the stock were exchanged, compared to its average volume of 1,212,299. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $175.39. The stock has a market capitalization of $29.90 billion, a price-to-earnings ratio of 49.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. The business's 50-day moving average price is $159.57 and its 200-day moving average price is $147.38. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Keysight Technologies Company Profile

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.