Point72 Asset Management L.P. Purchases 780,893 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Point72 Asset Management L.P. grew its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 343.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,008,192 shares of the scientific and technical instruments company's stock after buying an additional 780,893 shares during the period. Point72 Asset Management L.P. owned approximately 0.58% of Keysight Technologies worth $161,946,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock worth $43,000 after acquiring an additional 133 shares during the last quarter. Quarry LP increased its position in Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock valued at $70,000 after purchasing an additional 284 shares during the period. Huntington National Bank increased its position in Keysight Technologies by 37.4% during the 4th quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company's stock valued at $127,000 after purchasing an additional 216 shares during the period. Principal Securities Inc. increased its position in Keysight Technologies by 45.0% during the 4th 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. Finally, Smartleaf Asset Management LLC increased its position in Keysight Technologies by 45.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the scientific and technical instruments company's stock valued at $155,000 after purchasing an additional 300 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Insider Transactions at Keysight Technologies

In other news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company's stock.

Keysight Technologies Stock Performance

KEYS traded up $0.71 during midday trading on Friday, hitting $165.49. 801,986 shares of the company traded hands, compared to its average volume of 1,147,978. The company's 50-day moving average is $146.46 and its 200 day moving average is $159.46. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $186.20. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $28.60 billion, a PE ratio of 47.28, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KEYS shares. StockNews.com downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley boosted their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wells Fargo & Company boosted 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, Robert W. Baird boosted their price objective 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. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Keysight Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.33.

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.