Mirae Asset Global Investments Co. Ltd. Raises Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 26.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,567 shares of the scientific and technical instruments company's stock after acquiring an additional 3,857 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Keysight Technologies were worth $3,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KEYS. Truvestments Capital LLC purchased a new position in shares of Keysight Technologies in the third quarter worth about $28,000. Erste Asset Management GmbH purchased a new stake in shares of Keysight Technologies during the 3rd quarter valued at approximately $29,000. Goodman Advisory Group LLC bought a new position in Keysight Technologies in the 3rd quarter worth approximately $35,000. Versant Capital Management Inc grew its stake 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 buying an additional 158 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Keysight Technologies during the 3rd quarter valued at $57,000. 84.58% of the stock is currently owned by institutional investors.

Insider Activity at Keysight Technologies

In other news, SVP Jeffrey K. Li sold 4,412 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total value of $758,511.04. Following the completion of the transaction, the senior vice president now directly owns 30,637 shares in the company, valued at approximately $5,267,113.04. This represents a 12.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lisa M. Poole sold 350 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total value of $60,126.50. Following the transaction, the vice president now directly owns 4,820 shares in the company, valued at approximately $828,027.80. This represents a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,063 shares of company stock valued at $5,573,941 over the last 90 days. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KEYS shares. JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Robert W. Baird raised their target price on Keysight Technologies from $163.00 to $180.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Susquehanna reiterated a "positive" rating and set a $185.00 price target on shares of Keysight Technologies in a research report on Wednesday, November 20th. Barclays raised their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley boosted their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $180.80.

Keysight Technologies Price Performance

Shares of NYSE:KEYS traded up $1.68 during trading on Thursday, reaching $179.42. The company had a trading volume of 632,108 shares, compared to its average volume of 876,304. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $180.26. 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 stock has a market capitalization of $31.02 billion, a P/E ratio of 51.26, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The company has a fifty day moving average of $167.95 and a two-hundred day moving average of $157.46.

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.