D. E. Shaw & Co. Inc. reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 85.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,117 shares of the scientific and technical instruments company's stock after selling 323,791 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Keysight Technologies were worth $8,532,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of KEYS. Czech National Bank raised its holdings in shares of Keysight Technologies by 5.8% during the 4th quarter. Czech National Bank now owns 37,628 shares of the scientific and technical instruments company's stock valued at $6,044,000 after buying an additional 2,073 shares during the period. Wedmont Private Capital raised its holdings in shares of Keysight Technologies by 3.8% during the 4th quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company's stock valued at $392,000 after buying an additional 88 shares during the period. Community Trust & Investment Co. grew its stake in Keysight Technologies by 0.8% during the 4th quarter. Community Trust & Investment Co. now owns 113,818 shares of the scientific and technical instruments company's stock valued at $18,283,000 after purchasing an additional 958 shares in the last quarter. Park Avenue Securities LLC grew its stake in Keysight Technologies by 27.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,654 shares of the scientific and technical instruments company's stock valued at $1,069,000 after purchasing an additional 1,440 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in Keysight Technologies during the 4th quarter valued at approximately $572,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Keysight Technologies
In related news, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 115,063 shares in the company, valued at $17,834,765. The trade was a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on KEYS shares. JPMorgan Chase & Co. lowered their price objective 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. 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 note on Wednesday, February 26th. StockNews.com lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Morgan Stanley raised their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Robert W. Baird raised their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Keysight Technologies has a consensus rating of "Moderate Buy" and an average price target of $181.33.
Get Our Latest Research Report on Keysight Technologies
Keysight Technologies Stock Performance
NYSE:KEYS traded up $0.71 during midday trading on Friday, reaching $165.49. 801,986 shares of the company traded hands, compared to its average volume of 1,147,978. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20. The firm has a market capitalization of $28.60 billion, a price-to-earnings ratio of 47.28, 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 company has a fifty day moving average price of $146.46 and a 200 day moving average price of $159.46.
About Keysight Technologies
(
Free Report)
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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