Adage Capital Partners GP L.L.C. Trims Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Adage Capital Partners GP L.L.C. trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 70.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,135 shares of the scientific and technical instruments company's stock after selling 354,237 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.09% of Keysight Technologies worth $23,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC grew its position in shares of Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock worth $43,000 after buying an additional 133 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Keysight Technologies by 79.4% during the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company's stock valued at $57,000 after buying an additional 158 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Keysight Technologies in the 3rd quarter worth approximately $120,000. Huntington National Bank boosted its holdings in Keysight Technologies by 37.4% during the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company's stock worth $127,000 after buying an additional 216 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Keysight Technologies by 45.0% during the 4th quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company's stock worth $134,000 after acquiring an additional 259 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KEYS. StockNews.com downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company boosted their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird lifted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $181.33.

Keysight Technologies Trading Up 0.5 %

NYSE:KEYS traded up $0.69 during trading hours on Thursday, hitting $146.09. The company had a trading volume of 295,790 shares, compared to its average volume of 1,145,600. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a market cap of $25.25 billion, a P/E ratio of 41.71, a P/E/G ratio of 2.41 and a beta of 1.12. The company has a 50-day moving average of $147.20 and a 200 day moving average of $159.51. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

Insider Activity

In related news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. This represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

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.