Proficio Capital Partners LLC Invests $14.79 Million in Keysight Technologies, Inc. (NYSE:KEYS)

Proficio Capital Partners LLC purchased a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 92,041 shares of the scientific and technical instruments company's stock, valued at approximately $14,785,000. Proficio Capital Partners LLC owned about 0.05% of Keysight Technologies at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Keysight Technologies by 2.5% in the 3rd quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company's stock worth $1,248,773,000 after acquiring an additional 194,294 shares in the last quarter. Swedbank AB raised its position in shares of Keysight Technologies by 7.1% in the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company's stock worth $702,671,000 after acquiring an additional 292,372 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Keysight Technologies by 7.9% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in Keysight Technologies by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,015,675 shares of the scientific and technical instruments company's stock valued at $163,148,000 after buying an additional 28,754 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in Keysight Technologies by 27.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company's stock valued at $158,692,000 after buying an additional 216,564 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. 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. Bank of America raised their price objective on Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, November 20th. StockNews.com lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Finally, Robert W. Baird raised their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company 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 issued a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $184.44.

Insider Transactions at Keysight Technologies

In other news, SVP Mark Adam Wallace sold 6,000 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, 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 SEC, which is available at this link. Company insiders own 0.61% of the company's stock.

Keysight Technologies Stock Down 1.1 %

KEYS traded down $1.64 during trading on Tuesday, hitting $152.60. 664,753 shares of the company's stock traded hands, compared to its average volume of 1,108,224. The company's 50 day simple moving average is $167.70 and its two-hundred day simple moving average is $162.05. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The stock has a market capitalization of $26.37 billion, a price-to-earnings ratio of 43.60, a PEG ratio of 2.41 and a beta of 1.10.

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.