Magnetar Financial LLC Invests $279,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Magnetar Financial LLC purchased a new stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,734 shares of the scientific and technical instruments company's stock, valued at approximately $279,000.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Keysight Technologies during the 3rd quarter worth $28,000. Erste Asset Management GmbH purchased a new position in shares of Keysight Technologies in the 3rd quarter worth about $29,000. Goodman Advisory Group LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter worth about $35,000. Groupama Asset Managment raised its holdings in shares of Keysight Technologies by 76.6% during 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, Venturi Wealth Management LLC lifted its position in Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock worth $43,000 after buying an additional 133 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Stock Down 0.7 %

Keysight Technologies stock traded down $1.02 during trading hours on Thursday, hitting $155.38. The stock had a trading volume of 742,490 shares, compared to its average volume of 1,099,815. The stock has a market capitalization of $26.85 billion, a P/E ratio of 44.39, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The stock's 50-day moving average price is $166.57 and its 200-day moving average price is $162.29. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20.

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Insider Activity

In other Keysight Technologies news, SVP Mark Adam Wallace sold 6,000 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, the senior vice president now directly owns 85,829 shares of the company's stock, valued at approximately $13,886,273.91. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on KEYS. Wells Fargo & Company increased their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. StockNews.com downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. upgraded Keysight Technologies from a "neutral" rating to an "overweight" rating and increased their target price for the company from $170.00 to $200.00 in a report on Monday, December 16th. Finally, Robert W. Baird lifted their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $184.44.

About Keysight Technologies

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.