Vestcor Inc Buys 2,264 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Vestcor Inc boosted its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 34.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,909 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,264 shares during the quarter. Vestcor Inc’s holdings in Keysight Technologies were worth $1,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Keysight Technologies by 607.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,959 shares of the scientific and technical instruments company’s stock worth $7,061,000 after purchasing an additional 37,745 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in Keysight Technologies by 5.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,722 shares of the scientific and technical instruments company’s stock worth $919,000 after buying an additional 272 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Keysight Technologies by 3.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company’s stock worth $314,000 after buying an additional 61 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company’s stock valued at $4,448,000 after buying an additional 2,260 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Keysight Technologies by 1.2% in the fourth quarter. HighTower Advisors LLC now owns 13,385 shares of the scientific and technical instruments company’s stock valued at $2,150,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KEYS shares. Deutsche Bank Aktiengesellschaft boosted their price target on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays upped their price target on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 11th. Bank of America boosted their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley lifted their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and an average price target of $184.44.

Insider Activity at Keysight Technologies

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 sale, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

Keysight Technologies Stock Performance

NYSE KEYS opened at $152.11 on Friday. The firm has a market capitalization of $26.29 billion, a P/E ratio of 43.46, a PEG ratio of 2.41 and a beta of 1.10. The stock has a 50-day simple moving average of $167.92 and a two-hundred day simple moving average of $161.98. 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 fifty-two week low of $119.72 and a fifty-two week high of $186.20.

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.