Point72 Hong Kong Ltd Decreases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Point72 Hong Kong Ltd cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 91.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,833 shares of the scientific and technical instruments company's stock after selling 31,345 shares during the period. Point72 Hong Kong Ltd's holdings in Keysight Technologies were worth $450,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Keysight Technologies in the second quarter valued at $27,000. Truvestments Capital LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter worth about $28,000. Erste Asset Management GmbH purchased a new stake in shares of Keysight Technologies during the 3rd quarter valued at about $29,000. Family Firm Inc. purchased a new stake in shares of Keysight Technologies during the 2nd quarter valued at about $30,000. Finally, American National Bank & Trust purchased a new position in Keysight Technologies in the third quarter worth about $31,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Insiders Place Their Bets

In related news, VP Lisa M. Poole sold 350 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at $828,027.80. The trade was a 6.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kailash Narayanan sold 595 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $171.30, for a total transaction of $101,923.50. Following the completion of the sale, the senior vice president now owns 35,912 shares of the company's stock, valued at approximately $6,151,725.60. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Keysight Technologies Stock Down 0.3 %

NYSE KEYS traded down $0.60 during trading on Tuesday, reaching $170.99. 995,684 shares of the company's stock traded hands, compared to its average volume of 1,213,723. The company's 50 day simple moving average is $159.17 and its two-hundred day simple moving average is $147.21. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $175.39. The firm has a market cap of $29.67 billion, a price-to-earnings ratio of 48.85, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" 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 report on Wednesday, November 20th. StockNews.com downgraded shares of Keysight Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, November 23rd. Morgan Stanley upped their target price on Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upped their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, August 21st. One equities research 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 data from MarketBeat, Keysight Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $177.30.

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.