Renaissance Technologies LLC Acquires Shares of 110,299 Keysight Technologies, Inc. (NYSE:KEYS)

Renaissance Technologies LLC bought a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 110,299 shares of the scientific and technical instruments company's stock, valued at approximately $17,717,000. Renaissance Technologies LLC owned about 0.06% of Keysight Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Keysight Technologies by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company's stock valued at $3,352,932,000 after purchasing an additional 55,223 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Keysight Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock worth $708,349,000 after acquiring an additional 17,213 shares in the last quarter. Boston Partners increased its holdings in shares of Keysight Technologies by 21.7% in the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock valued at $637,125,000 after acquiring an additional 704,920 shares during the last quarter. Invesco Ltd. raised its position in shares of Keysight Technologies by 2.1% during the 4th quarter. Invesco Ltd. now owns 2,220,050 shares of the scientific and technical instruments company's stock valued at $356,607,000 after acquiring an additional 45,867 shares in the last quarter. Finally, Norges Bank bought a new position in Keysight Technologies during the fourth quarter worth $320,707,000. Institutional investors own 84.58% of the company's stock.

Analysts Set New Price Targets

KEYS has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating on the stock in a research report on Thursday. Robert W. Baird upped their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the sale, the chief financial officer now directly owns 115,063 shares of the company's stock, valued at approximately $17,834,765. This represents a 3.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company's stock.

Keysight Technologies Price Performance

NYSE:KEYS traded up $0.72 during midday trading on Friday, hitting $135.51. 707,764 shares of the stock were exchanged, compared to its average volume of 1,152,940. The business has a 50-day moving average price of $154.58 and a two-hundred day moving average price of $160.51. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $23.42 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 2.41 and a beta of 1.12. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20.

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.