SG Capital Management LLC Makes New Investment in Keysight Technologies, Inc. (NYSE:KEYS)

SG Capital Management LLC acquired a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 121,410 shares of the scientific and technical instruments company's stock, valued at approximately $19,502,000. Keysight Technologies comprises 1.9% of SG Capital Management LLC's holdings, making the stock its 17th largest position. SG Capital Management LLC owned about 0.07% of Keysight Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KEYS. Kovitz Investment Group Partners LLC raised its position in Keysight Technologies by 364.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock valued at $747,301,000 after acquiring an additional 3,650,953 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Keysight Technologies by 29.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock valued at $2,588,546,000 after purchasing an additional 3,621,349 shares in the last quarter. Norges Bank acquired a new position in shares of Keysight Technologies in the 4th quarter valued at $320,707,000. Point72 Asset Management L.P. boosted its holdings in Keysight Technologies by 343.6% during the fourth quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock worth $161,946,000 after buying an additional 780,893 shares in the last quarter. Finally, Boston Partners grew its position in Keysight Technologies by 21.7% during 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 during the period. Institutional investors and hedge funds own 84.58% of the company's stock.

Keysight Technologies Stock Performance

Shares of KEYS opened at $164.89 on Friday. The stock has a 50-day simple moving average of $146.15 and a 200-day simple moving average of $159.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The stock has a market capitalization of $28.49 billion, a PE ratio of 47.11, a PEG ratio of 2.41 and a beta of 1.10.

Insider Activity

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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KEYS shares. JPMorgan Chase & Co. decreased their price objective on shares of Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Morgan Stanley increased their price target on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wells Fargo & Company upped their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Robert W. Baird boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies, Inc. (NYSE:KEYS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.