May Hill Capital LLC Invests $984,000 in Keysight Technologies, Inc. (NYSE:KEYS)

May Hill Capital LLC bought a new position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,127 shares of the scientific and technical instruments company's stock, valued at approximately $984,000.

A number of other hedge funds have also made changes to their positions in the company. Erste Asset Management GmbH acquired a new position in Keysight Technologies in the third quarter worth $29,000. Goodman Advisory Group LLC bought a new position in shares of Keysight Technologies in the third quarter valued at about $35,000. Groupama Asset Managment lifted its position in 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 worth $35,000 after buying an additional 9,437 shares in the last quarter. Venturi Wealth Management LLC grew its holdings 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 worth $43,000 after acquiring an additional 133 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Keysight Technologies by 79.4% in 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 acquiring an additional 158 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Insider Buying and Selling

In related news, CFO Neil Dougherty sold 3,632 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the sale, the chief financial officer now owns 115,063 shares of the company's stock, valued at approximately $17,834,765. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

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Keysight Technologies Trading Down 6.6 %

KEYS traded down $8.97 during midday trading on Friday, reaching $126.76. 2,107,026 shares of the company were exchanged, compared to its average volume of 1,155,570. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock has a market capitalization of $21.91 billion, a P/E ratio of 36.22, a PEG ratio of 2.41 and a beta of 1.12. The stock's 50-day simple moving average is $163.25 and its 200 day simple moving average is $162.15. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20.

Analyst Upgrades and Downgrades

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

Keysight Technologies 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.