Prudential PLC Cuts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Prudential PLC lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,948 shares of the scientific and technical instruments company's stock after selling 25,250 shares during the period. Prudential PLC's holdings in Keysight Technologies were worth $10,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KEYS. Thoroughbred Financial Services LLC raised its holdings in Keysight Technologies by 6.6% during the 4th quarter. Thoroughbred Financial Services LLC now owns 2,195 shares of the scientific and technical instruments company's stock valued at $352,000 after buying an additional 136 shares during the last quarter. ExodusPoint Capital Management LP increased its position in shares of Keysight Technologies by 15.0% in the fourth quarter. ExodusPoint Capital Management LP now owns 54,342 shares of the scientific and technical instruments company's stock valued at $8,729,000 after acquiring an additional 7,098 shares during the period. Nicolet Advisory Services LLC raised its stake in shares of Keysight Technologies by 22.5% during the fourth quarter. Nicolet Advisory Services LLC now owns 5,090 shares of the scientific and technical instruments company's stock valued at $821,000 after acquiring an additional 935 shares during the last quarter. Bryce Point Capital LLC purchased a new stake in shares of Keysight Technologies during the fourth quarter worth about $2,052,000. Finally, DKM Wealth Management Inc. bought a new stake in shares of Keysight Technologies in the fourth quarter worth about $233,000. Institutional investors own 84.58% of the company's stock.

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Keysight Technologies Stock Up 2.1 %

Keysight Technologies stock traded up $2.70 on Monday, hitting $129.72. 1,783,311 shares of the stock traded hands, compared to its average volume of 1,158,140. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The firm has a market cap of $22.42 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The business's fifty day simple moving average is $162.46 and its 200 day simple moving average is $162.05.

Insider Buying and Selling

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now owns 115,063 shares in the company, valued at approximately $17,834,765. This represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird upped their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upgraded Keysight Technologies from a "neutral" rating to an "overweight" rating and upped their target price for the company from $170.00 to $200.00 in a report on Monday, December 16th. StockNews.com lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $184.44.

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.