National Bank of Canada FI trimmed its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 25.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,036 shares of the scientific and technical instruments company's stock after selling 28,383 shares during the period. National Bank of Canada FI's holdings in Keysight Technologies were worth $13,178,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its position in Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company's stock worth $4,448,000 after purchasing an additional 2,260 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Keysight Technologies by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock worth $8,896,000 after buying an additional 1,755 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Keysight Technologies by 26.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company's stock valued at $3,018,000 after acquiring an additional 3,857 shares during the period. Portfolio Design Labs LLC raised its stake in Keysight Technologies by 17.7% during the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock valued at $2,498,000 after acquiring an additional 2,336 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Keysight Technologies by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company's stock worth $697,411,000 after acquiring an additional 323,235 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently commented on KEYS. Wells Fargo & Company upped their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $170.00 to $200.00 in a report on Monday, December 16th. StockNews.com downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Robert W. Baird boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat, Keysight Technologies presently has an average rating of "Moderate Buy" and an average target price of $184.44.
Read Our Latest Analysis on Keysight Technologies
Keysight Technologies Price Performance
Keysight Technologies stock traded down $11.48 during trading hours on Thursday, hitting $131.02. The stock had a trading volume of 256,467 shares, compared to its average volume of 1,054,231. The stock has a market capitalization of $22.64 billion, a price-to-earnings ratio of 37.48, a PEG 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. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The stock's fifty day moving average is $159.56 and its two-hundred day moving average is $161.44.
Insider Buying and Selling at Keysight Technologies
In other news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value 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. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.
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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