Legal & General Group Plc lowered its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,347,140 shares of the scientific and technical instruments company's stock after selling 415,565 shares during the quarter. Legal & General Group Plc owned 0.78% of Keysight Technologies worth $216,391,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Venturi Wealth Management LLC grew its stake 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 valued at $43,000 after purchasing an additional 133 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 158 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Keysight Technologies in the third quarter worth $120,000. Huntington National Bank increased 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 buying an additional 216 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in Keysight Technologies by 45.0% in the fourth quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company's stock valued at $134,000 after acquiring an additional 259 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on KEYS shares. JPMorgan Chase & Co. raised shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Robert W. Baird boosted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. StockNews.com downgraded 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 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 has a consensus rating of "Moderate Buy" and an average price target of $184.44.
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Keysight Technologies Stock Performance
NYSE:KEYS traded up $0.96 during midday trading on Tuesday, reaching $137.35. 171,468 shares of the company traded hands, compared to its average volume of 1,151,110. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve 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 company has a fifty day moving average price of $157.02 and a 200 day moving average price of $161.02. The firm has a market capitalization of $23.74 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12.
Insider Activity
In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the sale, the chief financial officer now directly owns 115,063 shares in the company, valued at $17,834,765. The trade was a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.
About Keysight Technologies
(
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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