Point72 Hong Kong Ltd Cuts Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Point72 Hong Kong Ltd cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 78.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623 shares of the scientific and technical instruments company's stock after selling 2,210 shares during the quarter. Point72 Hong Kong Ltd's holdings in Keysight Technologies were worth $100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KEYS. Kovitz Investment Group Partners LLC boosted its position in shares of Keysight Technologies by 364.6% during the 4th 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 purchasing an additional 3,650,953 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Keysight Technologies by 29.0% during the fourth 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 in the last quarter. Norges Bank acquired a new position in Keysight Technologies during the fourth quarter worth about $320,707,000. Boston Partners increased its holdings in Keysight Technologies by 21.7% in the fourth quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company's stock valued at $637,125,000 after buying an additional 704,920 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in Keysight Technologies in the fourth quarter valued at about $88,166,000. Institutional investors and hedge funds own 84.58% of the company's stock.

Insider Activity

In related news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KEYS. JPMorgan Chase & Co. lowered their price target on Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. StockNews.com cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Robert W. Baird lifted their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley increased their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price 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. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $181.33.

Keysight Technologies Trading Up 0.4%

Shares of KEYS stock opened at $165.49 on Friday. The company has a market capitalization of $28.60 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 2.41 and a beta of 1.10. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $146.46 and a 200 day moving average price of $159.41. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20.

About Keysight Technologies

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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