Carnegie Investment Counsel cut its holdings in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 98.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,298 shares of the scientific and technical instruments company’s stock after selling 152,871 shares during the quarter. Carnegie Investment Counsel’s holdings in Keysight Technologies were worth $377,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in Keysight Technologies in the first quarter valued at approximately $28,000. Manchester Capital Management LLC boosted its stake in Keysight Technologies by 85.0% in the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 108 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Keysight Technologies in the first quarter valued at approximately $36,000. IFP Advisors Inc boosted its stake in Keysight Technologies by 49.1% in the second quarter. IFP Advisors Inc now owns 246 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 81 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in Keysight Technologies in the first quarter valued at approximately $39,000. 84.58% of the stock is owned by institutional investors.
Keysight Technologies Trading Up 0.7%
KEYS opened at $169.49 on Monday. The stock has a market capitalization of $29.13 billion, a P/E ratio of 53.98, a P/E/G ratio of 2.36 and a beta of 1.18. Keysight Technologies Inc. has a 12 month low of $121.43 and a 12 month high of $186.20. The firm’s fifty day simple moving average is $168.71 and its 200 day simple moving average is $161.42. The company has a current ratio of 3.59, a quick ratio of 2.94 and a debt-to-equity ratio of 0.45.
Insider Transactions at Keysight Technologies
In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of Keysight Technologies stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total value of $347,960.00. Following the sale, the senior vice president directly owned 106,590 shares in the company, valued at approximately $18,544,528.20. The trade was a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Keysight Technologies in a report on Saturday. JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Barclays decreased their price target on shares of Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $180.00 price target on shares of Keysight Technologies in a report on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $187.38.
View Our Latest Stock Report on Keysight Technologies
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.
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