Jennison Associates LLC Has $170.43 Million Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Jennison Associates LLC cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,060,983 shares of the scientific and technical instruments company's stock after selling 1,091,378 shares during the period. Jennison Associates LLC owned about 0.61% of Keysight Technologies worth $170,426,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Keysight Technologies during the third quarter valued at approximately $28,000. Erste Asset Management GmbH bought a new stake in shares of Keysight Technologies during the third quarter valued at approximately $29,000. Goodman Advisory Group LLC acquired a new stake in Keysight Technologies in the 3rd quarter valued at $35,000. Groupama Asset Managment boosted its stake in Keysight Technologies by 76.6% in the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company's stock valued at $35,000 after buying an additional 9,437 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Keysight Technologies in the 3rd quarter valued at $57,000. 84.58% of the stock is currently owned by institutional investors.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, VP Lisa M. Poole sold 350 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $171.79, for a total value of $60,126.50. Following the transaction, the vice president now owns 4,820 shares of the company's stock, valued at approximately $828,027.80. This represents a 6.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 85,829 shares in the company, valued at $13,886,273.91. The trade was a 6.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,063 shares of company stock worth $5,573,941 over the last 90 days. Insiders own 0.61% of the company's stock.

Keysight Technologies Price Performance

Shares of KEYS stock traded up $0.14 during trading hours on Thursday, hitting $177.66. 770,375 shares of the company's stock were exchanged, compared to its average volume of 873,711. The stock's 50-day moving average is $167.55 and its 200-day moving average is $156.25. The stock has a market cap of $30.72 billion, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $180.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Wall Street Analysts Forecast Growth

KEYS has been the topic of several recent analyst reports. Barclays boosted their price target on Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Bank of America boosted their price target on Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Morgan Stanley boosted their price target on Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird boosted their price target on Keysight Technologies from $163.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.80.

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.