Scout Investments Inc. Cuts Position in Keysight Technologies, Inc. (NYSE:KEYS)

Scout Investments Inc. lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYSFree Report) by 61.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 65,362 shares of the scientific and technical instruments company’s stock after selling 104,564 shares during the quarter. Scout Investments Inc.’s holdings in Keysight Technologies were worth $10,398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Prudential PLC increased its stake in Keysight Technologies by 415.8% during the 4th quarter. Prudential PLC now owns 42,890 shares of the scientific and technical instruments company’s stock worth $6,823,000 after buying an additional 34,575 shares in the last quarter. Vinva Investment Management Ltd increased its stake in Keysight Technologies by 78.4% during the 4th quarter. Vinva Investment Management Ltd now owns 5,367 shares of the scientific and technical instruments company’s stock worth $858,000 after buying an additional 2,358 shares in the last quarter. Morningstar Investment Services LLC purchased a new stake in Keysight Technologies during the 4th quarter worth approximately $422,000. Pinebridge Investments L.P. increased its stake in Keysight Technologies by 72.0% during the 4th quarter. Pinebridge Investments L.P. now owns 12,060 shares of the scientific and technical instruments company’s stock worth $1,919,000 after buying an additional 5,048 shares in the last quarter. Finally, Cibc World Markets Corp increased its stake in Keysight Technologies by 132.1% during the 4th quarter. Cibc World Markets Corp now owns 22,852 shares of the scientific and technical instruments company’s stock worth $3,636,000 after buying an additional 13,007 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Down 0.1 %

KEYS traded down $0.19 during trading hours on Friday, reaching $135.81. The company’s stock had a trading volume of 657,506 shares, compared to its average volume of 1,339,324. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The stock has a market cap of $23.70 billion, a PE ratio of 29.59, a P/E/G ratio of 4.66 and a beta of 1.00. The business’s 50-day moving average is $148.75 and its 200-day moving average is $150.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.48.

Insider Activity at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin A. Stephens purchased 460 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the purchase, the director now directly owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. Robert W. Baird upped their price target on Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Susquehanna dropped their price target on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating for the company in a research report on Tuesday, May 21st. Citigroup upped their price target on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays upped their price target on Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $166.33.

Get Our Latest Analysis on Keysight Technologies

Keysight Technologies Profile

(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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Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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