Concentric Capital Strategies LP Takes Position in Keysight Technologies, Inc. (NYSE:KEYS)

Concentric Capital Strategies LP purchased a new position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 75,783 shares of the scientific and technical instruments company's stock, valued at approximately $12,173,000.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Keysight Technologies by 3.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company's stock valued at $314,000 after purchasing an additional 61 shares in the last quarter. Caprock Group LLC boosted its position in Keysight Technologies by 2.2% during the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company's stock valued at $502,000 after acquiring an additional 66 shares in the last quarter. Signaturefd LLC raised its position in shares of Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company's stock worth $387,000 after acquiring an additional 66 shares in the last quarter. OLD National Bancorp IN lifted its stake in shares of Keysight Technologies by 3.3% in the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company's stock valued at $340,000 after purchasing an additional 68 shares during the period. Finally, RMR Wealth Builders boosted its position in shares of Keysight Technologies by 2.8% during the fourth quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company's stock valued at $417,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now owns 115,063 shares in the company, valued at $17,834,765. This represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

Keysight Technologies Stock Down 0.4 %

Shares of KEYS stock opened at $146.75 on Wednesday. The company has a 50 day simple moving average of $145.68 and a two-hundred day simple moving average of $159.20. The stock has a market cap of $25.36 billion, a P/E ratio of 41.93, a P/E/G ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

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.

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