Reinhart Partners LLC. trimmed its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 27.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 36,337 shares of the scientific and technical instruments company’s stock after selling 13,703 shares during the quarter. Reinhart Partners LLC.’s holdings in Keysight Technologies were worth $7,383,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in Keysight Technologies by 39.3% in the fourth quarter. CIBC Asset Management Inc now owns 40,548 shares of the scientific and technical instruments company’s stock valued at $8,239,000 after acquiring an additional 11,448 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Keysight Technologies by 30.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,077,731 shares of the scientific and technical instruments company’s stock valued at $218,984,000 after acquiring an additional 252,893 shares in the last quarter. Kesler Norman & Wride LLC boosted its stake in Keysight Technologies by 50.0% in the fourth quarter. Kesler Norman & Wride LLC now owns 5,945 shares of the scientific and technical instruments company’s stock valued at $1,208,000 after acquiring an additional 1,981 shares in the last quarter. Meridian Management Co. boosted its stake in Keysight Technologies by 3.8% in the fourth quarter. Meridian Management Co. now owns 37,553 shares of the scientific and technical instruments company’s stock valued at $7,630,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Keysight Technologies by 5.4% in the fourth quarter. Natixis Advisors LLC now owns 288,652 shares of the scientific and technical instruments company’s stock valued at $58,651,000 after acquiring an additional 14,833 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Trading Up 4.9%
NYSE KEYS opened at $346.33 on Wednesday. The company has a fifty day simple moving average of $328.41 and a two-hundred day simple moving average of $261.88. The stock has a market cap of $59.40 billion, a P/E ratio of 56.96, a P/E/G ratio of 2.06 and a beta of 1.22. Keysight Technologies Inc. has a 12-month low of $152.85 and a 12-month high of $370.17. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29.
Insider Buying and Selling at Keysight Technologies
In related news, CEO Satish Dhanasekaran sold 1,667 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $300.00, for a total transaction of $500,100.00. Following the completion of the transaction, the chief executive officer owned 122,398 shares of the company’s stock, valued at $36,719,400. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Neil Dougherty sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $298.37, for a total transaction of $596,740.00. Following the transaction, the chief financial officer directly owned 125,272 shares of the company’s stock, valued at approximately $37,377,406.64. This trade represents a 1.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 37,334 shares of company stock worth $10,753,450. 0.40% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
KEYS has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $360.00 to $390.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Wall Street Zen raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Keysight Technologies in a report on Wednesday, May 20th. Morgan Stanley raised their price target on shares of Keysight Technologies from $305.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. Finally, Citigroup raised their price target on shares of Keysight Technologies from $320.00 to $396.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $371.92.
Get Our Latest Research Report on KEYS
Keysight Technologies Company Profile
Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett?Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.
Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.
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