Zurcher Kantonalbank Zurich Cantonalbank Sells 2,254 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 6.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,309 shares of the scientific and technical instruments company's stock after selling 2,254 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Keysight Technologies were worth $5,029,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KEYS. Natixis Advisors LLC raised its holdings in Keysight Technologies by 8.7% in the third quarter. Natixis Advisors LLC now owns 176,966 shares of the scientific and technical instruments company's stock worth $28,125,000 after buying an additional 14,185 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Keysight Technologies by 26.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company's stock worth $3,018,000 after acquiring an additional 3,857 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Keysight Technologies by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company's stock valued at $8,896,000 after acquiring an additional 1,755 shares in the last quarter. LMR Partners LLP purchased a new stake in Keysight Technologies during the 3rd quarter valued at $14,339,000. Finally, Portfolio Design Labs LLC increased its holdings in shares of Keysight Technologies by 17.7% in the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company's stock worth $2,498,000 after purchasing an additional 2,336 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

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Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded down $1.64 during midday trading on Tuesday, hitting $152.60. The company had a trading volume of 664,763 shares, compared to its average volume of 1,108,224. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The company has a fifty day moving average of $167.70 and a two-hundred day moving average of $162.05. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 43.60, a PEG ratio of 2.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Insiders Place Their Bets

In other Keysight Technologies 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 transaction, the senior vice president now owns 85,829 shares of the company's stock, valued at $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on KEYS. Deutsche Bank Aktiengesellschaft increased their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Bank of America lifted their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 20th. Morgan Stanley increased their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.