Bayesian Capital Management LP Trims Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Bayesian Capital Management LP lowered its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 72.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,246 shares of the scientific and technical instruments company's stock after selling 24,800 shares during the quarter. Bayesian Capital Management LP's holdings in Keysight Technologies were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Keysight Technologies by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company's stock worth $3,352,932,000 after acquiring an additional 55,223 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Keysight Technologies by 29.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock worth $2,588,546,000 after buying an additional 3,621,349 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in 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 worth $747,301,000 after buying an additional 3,650,953 shares during the period. Geode Capital Management LLC lifted its stake in Keysight Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company's stock valued at $708,349,000 after buying an additional 17,213 shares during the last quarter. Finally, Boston Partners grew its position 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 acquiring an additional 704,920 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analysts Set New Price Targets

KEYS has been the topic of several research reports. Wells Fargo & Company raised their price objective 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. 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 lifted their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their price target on 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.33.

Keysight Technologies Price Performance

Keysight Technologies stock traded up $2.83 during mid-day trading on Wednesday, hitting $149.37. 963,462 shares of the company were exchanged, compared to its average volume of 1,149,819. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The company has a market capitalization of $25.81 billion, a P/E ratio of 42.68, a PEG ratio of 2.41 and a beta of 1.10. The business's 50 day simple moving average is $145.48 and its two-hundred day simple moving average is $159.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Insider Buying and Selling

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

Keysight Technologies Company 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.