Primecap Management Co. CA Has $110.40 Million Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Primecap Management Co. CA lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 687,275 shares of the scientific and technical instruments company's stock after selling 14,960 shares during the period. Primecap Management Co. CA owned 0.40% of Keysight Technologies worth $110,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KEYS. Signaturefd LLC grew its holdings in Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock valued at $387,000 after buying an additional 66 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Keysight Technologies by 4.3% during the 4th quarter. Parallel Advisors LLC now owns 2,159 shares of the scientific and technical instruments company's stock worth $347,000 after purchasing an additional 89 shares in the last quarter. Cibc World Markets Corp increased its position in shares of Keysight Technologies by 15.5% in the fourth quarter. Cibc World Markets Corp now owns 27,378 shares of the scientific and technical instruments company's stock worth $4,398,000 after purchasing an additional 3,676 shares during the period. Jensen Investment Management Inc. increased its position in shares of Keysight Technologies by 3.7% in the fourth quarter. Jensen Investment Management Inc. now owns 39,010 shares of the scientific and technical instruments company's stock worth $6,266,000 after purchasing an additional 1,400 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in Keysight Technologies by 1.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,977 shares of the scientific and technical instruments company's stock valued at $1,281,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

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Keysight Technologies Price Performance

Shares of Keysight Technologies stock traded down $0.48 during midday trading on Friday, hitting $154.65. 1,243,928 shares of the company traded hands, compared to its average volume of 1,107,730. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 2.41 and a beta of 1.10. 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 firm's fifty day moving average price is $166.92 and its 200-day moving average price is $161.95. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

Insider Activity at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the sale, the senior vice president now directly owns 85,829 shares in the company, valued at $13,886,273.91. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $170.00 to $200.00 in a report on Monday, December 16th. Robert W. Baird raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.