Alyeska Investment Group L.P. Takes $46.43 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Alyeska Investment Group L.P. purchased a new position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 289,044 shares of the scientific and technical instruments company's stock, valued at approximately $46,429,000. Alyeska Investment Group L.P. owned 0.17% of Keysight Technologies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew 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 buying an additional 55,223 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Keysight Technologies by 29.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock valued at $2,588,546,000 after acquiring an additional 3,621,349 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Keysight Technologies by 364.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock valued at $747,301,000 after acquiring an additional 3,650,953 shares during the period. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 17,213 shares in the last quarter. Finally, Boston Partners lifted its position in Keysight Technologies by 21.7% in 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 purchasing an additional 704,920 shares during the period. Institutional investors own 84.58% of the company's stock.

Insider Activity

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

Keysight Technologies Stock Down 0.4 %

Keysight Technologies stock traded down $0.54 during mid-day trading on Tuesday, hitting $146.75. The company's stock had a trading volume of 563,617 shares, compared to its average volume of 1,148,942. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. The company has a market cap of $25.36 billion, a PE ratio of 41.93, a price-to-earnings-growth 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. The firm's 50 day moving average is $145.68 and its 200 day moving average is $159.20.

Analyst Ratings Changes

A number of analysts have recently commented on KEYS shares. StockNews.com downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Robert W. Baird boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $181.33.

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.