Point72 Asia Singapore Pte. Ltd. Takes Position in Keysight Technologies, Inc. (NYSE:KEYS)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Keysight Technologies, Inc. (NYSE:KEYS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,669 shares of the scientific and technical instruments company’s stock, valued at approximately $3,641,000. Keysight Technologies comprises about 1.0% of Point72 Asia Singapore Pte. Ltd.’s holdings, making the stock its 18th biggest holding.

Other institutional investors have also made changes to their positions in the company. Czech National Bank increased its position in Keysight Technologies by 5.8% during the fourth quarter. Czech National Bank now owns 37,628 shares of the scientific and technical instruments company’s stock worth $6,044,000 after buying an additional 2,073 shares during the last quarter. Wedmont Private Capital raised its stake in Keysight Technologies by 3.8% in the 4th quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company’s stock valued at $392,000 after acquiring an additional 88 shares during the period. Community Trust & Investment Co. lifted its holdings in Keysight Technologies by 0.8% during the 4th quarter. Community Trust & Investment Co. now owns 113,818 shares of the scientific and technical instruments company’s stock valued at $18,283,000 after purchasing an additional 958 shares during the last quarter. Park Avenue Securities LLC boosted its position in Keysight Technologies by 27.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,654 shares of the scientific and technical instruments company’s stock worth $1,069,000 after purchasing an additional 1,440 shares during the period. Finally, USA Financial Formulas acquired a new position in Keysight Technologies in the 4th quarter valued at about $572,000. Institutional investors own 84.58% of the company’s stock.

Analysts Set New Price Targets

KEYS has been the topic of a number of recent research reports. Robert W. Baird increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on shares of Keysight Technologies from $200.00 to $172.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Morgan Stanley raised their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, StockNews.com lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.33.

Insider Buying and Selling

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the sale, the chief financial officer now owns 115,063 shares of the company’s stock, valued at approximately $17,834,765. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

Keysight Technologies Trading Down 0.3%

Shares of KEYS opened at $164.50 on Thursday. The firm has a market cap of $28.43 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 2.41 and a beta of 1.10. 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 52-week low of $119.72 and a 52-week high of $186.20. The business’s fifty day moving average is $145.92 and its 200-day moving average is $159.28.

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.