Trexquant Investment LP Buys New Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Trexquant Investment LP acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,997 shares of the scientific and technical instruments company's stock, valued at approximately $13,814,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in 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 during the last quarter. State Street Corp raised its holdings in shares of Keysight Technologies by 2.5% in the third quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company's stock valued at $1,248,773,000 after buying an additional 194,294 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Keysight Technologies by 0.4% during the fourth 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 buying an additional 17,213 shares during the period. Boston Partners grew its holdings in shares of Keysight Technologies by 21.7% during the fourth quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock worth $637,125,000 after buying an additional 704,920 shares during the last quarter. Finally, Norges Bank acquired a new position in Keysight Technologies in the 4th quarter valued at about $320,707,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

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Insider Activity at Keysight Technologies

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now owns 115,063 shares of the company's stock, valued at approximately $17,834,765. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Price Performance

Keysight Technologies stock traded down $8.97 during mid-day trading on Friday, reaching $126.76. The company had a trading volume of 2,107,026 shares, compared to its average volume of 1,155,570. The stock's 50-day simple moving average is $163.25 and its 200-day simple moving average is $162.15. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The company has a market capitalization of $21.91 billion, a P/E ratio of 36.22, a P/E/G ratio of 2.41 and a beta of 1.12.

Analyst Ratings Changes

KEYS has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $184.44.

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.