First Trust Advisors LP Acquires 32,021 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

First Trust Advisors LP increased its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 49.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,964 shares of the scientific and technical instruments company's stock after acquiring an additional 32,021 shares during the quarter. First Trust Advisors LP owned about 0.06% of Keysight Technologies worth $15,575,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were 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 of the company's stock, valued at approximately $17,834,765. This trade represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock traded up $3.24 during trading on Friday, reaching $148.78. 191,977 shares of the stock traded hands, compared to its average volume of 1,144,718. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. 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 business has a fifty day simple moving average of $146.65 and a two-hundred day simple moving average of $159.42. The company has a market capitalization of $25.71 billion, a price-to-earnings ratio of 42.51, a P/E/G ratio of 2.41 and a beta of 1.12.

Analysts Set New Price Targets

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