56,400 Shares in Keysight Technologies, Inc. (NYSE:KEYS) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 56,400 shares of the scientific and technical instruments company’s stock, valued at approximately $9,060,000.

Several other institutional investors have also modified their holdings of KEYS. Boston Partners boosted 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 purchasing an additional 704,920 shares during the period. Madison Investment Advisors LLC acquired a new stake in Keysight Technologies in the 4th quarter valued at about $88,166,000. Los Angeles Capital Management LLC boosted its stake in shares of Keysight Technologies by 330.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 673,872 shares of the scientific and technical instruments company’s stock valued at $108,244,000 after buying an additional 517,267 shares during the period. ANTIPODES PARTNERS Ltd grew its position in shares of Keysight Technologies by 282.4% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 626,145 shares of the scientific and technical instruments company’s stock worth $100,586,000 after buying an additional 462,403 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Keysight Technologies during the fourth quarter worth approximately $58,367,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the sale, the senior vice president now owns 85,829 shares in the company, valued at $13,886,273.91. This represents a 6.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Keysight Technologies Stock Up 2.7 %

KEYS opened at $158.75 on Tuesday. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock has a market capitalization of $27.43 billion, a P/E ratio of 45.36, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The business’s 50-day simple moving average is $166.87 and its 200-day simple moving average is $162.22.

Analyst Upgrades and Downgrades

Several research analysts have commented on KEYS shares. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Wells Fargo & Company increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. 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 report on Thursday, February 27th. Finally, StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and an average target price of $184.44.

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.