Keysight Technologies, Inc. (NYSE:KEYS) Stake Cut by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 77.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,299 shares of the scientific and technical instruments company's stock after selling 772,282 shares during the period. Point72 Asset Management L.P. owned about 0.13% of Keysight Technologies worth $36,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KEYS. Ferguson Wellman Capital Management Inc. grew its position in shares of Keysight Technologies by 0.6% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 12,700 shares of the scientific and technical instruments company's stock worth $1,737,000 after buying an additional 73 shares in the last quarter. Wedmont Private Capital grew its holdings in Keysight Technologies by 2.8% during the 2nd quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company's stock worth $391,000 after acquiring an additional 74 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of Keysight Technologies by 15.9% in the 3rd quarter. Cromwell Holdings LLC now owns 548 shares of the scientific and technical instruments company's stock worth $87,000 after purchasing an additional 75 shares during the last quarter. Allworth Financial LP raised its stake in shares of Keysight Technologies by 3.9% in the 3rd quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company's stock valued at $317,000 after purchasing an additional 75 shares in the last quarter. Finally, Diversified LLC lifted its position in shares of Keysight Technologies by 3.6% during the second quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company's stock worth $309,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Insider Activity

In related news, VP Lisa M. Poole sold 350 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $171.79, for a total transaction of $60,126.50. Following the completion of the transaction, the vice president now owns 4,820 shares of the company's stock, valued at $828,027.80. This trade represents a 6.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeffrey K. Li sold 4,412 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $171.92, for a total transaction of $758,511.04. Following the completion of the sale, the senior vice president now directly owns 30,637 shares of the company's stock, valued at $5,267,113.04. The trade was a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,063 shares of company stock worth $4,603,201 over the last three months. Corporate insiders own 0.60% of the company's stock.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded up $2.10 on Friday, hitting $171.73. The company's stock had a trading volume of 940,461 shares, compared to its average volume of 1,209,490. The company has a market capitalization of $29.80 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. 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's 50-day moving average is $159.79 and its two-hundred day moving average is $147.54. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $175.39.

Analysts Set New Price Targets

KEYS has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Bank of America raised their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 20th. StockNews.com lowered shares of Keysight Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, November 23rd. Wells Fargo & Company restated an "overweight" rating and issued a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Finally, Susquehanna reaffirmed a "positive" rating and set a $185.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.30.

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.