Giverny Capital Inc. Reduces Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Giverny Capital Inc. reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,845 shares of the scientific and technical instruments company's stock after selling 149,225 shares during the quarter. Keysight Technologies comprises approximately 1.9% of Giverny Capital Inc.'s holdings, making the stock its 21st largest position. Giverny Capital Inc. owned 0.19% of Keysight Technologies worth $53,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of Keysight Technologies by 100.8% during the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock valued at $43,000 after acquiring an additional 133 shares in the last quarter. Versant Capital Management Inc boosted its stake in Keysight Technologies by 79.4% during the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company's stock valued at $57,000 after purchasing an additional 158 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Keysight Technologies in the 3rd quarter worth $120,000. Huntington National Bank raised its stake in shares of Keysight Technologies by 37.4% in the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company's stock worth $127,000 after purchasing an additional 216 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of Keysight Technologies by 45.0% during the fourth quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company's stock valued at $134,000 after purchasing an additional 259 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

Insider Transactions at Keysight Technologies

In other news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the transaction, the chief financial officer now owns 115,063 shares in the company, valued at approximately $17,834,765. The trade was a 3.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS traded up $0.72 during midday trading on Friday, reaching $135.51. 707,764 shares of the stock traded hands, compared to its average volume of 1,152,940. The company's 50 day moving average is $154.58 and its 200 day moving average is $160.51. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The stock has a market capitalization of $23.42 billion, a PE ratio of 38.72, a P/E/G ratio of 2.41 and a beta of 1.12. 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 a number of recent analyst reports. Robert W. Baird raised their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating on the stock in a report on Thursday. StockNews.com downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Finally, Wells Fargo & Company boosted their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $181.33.

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.