Ieq Capital LLC cut its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,591 shares of the scientific and technical instruments company's stock after selling 5,898 shares during the period. Ieq Capital LLC's holdings in Keysight Technologies were worth $256,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in KEYS. Truvestments Capital LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at approximately $28,000. Erste Asset Management GmbH acquired a new stake in Keysight Technologies during the 3rd quarter worth $29,000. Goodman Advisory Group LLC acquired a new position in shares of Keysight Technologies during the 3rd quarter valued at about $35,000. Groupama Asset Managment boosted its position in shares of Keysight Technologies by 76.6% during the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 9,437 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock valued at $43,000 after buying an additional 133 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.
In other Keysight Technologies news, SVP John Page sold 3,884 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value of $658,959.44. Following the transaction, the senior vice president now directly owns 37,081 shares of the company's stock, valued at $6,291,162.46. This represents a 9.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey K. Li sold 4,412 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total value of $758,511.04. Following the sale, the senior vice president now owns 30,637 shares of the company's stock, valued at approximately $5,267,113.04. This trade represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,118 shares of company stock worth $5,411,891 over the last 90 days. 0.61% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on KEYS shares. Susquehanna restated a "positive" rating and set a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. Barclays increased their price objective on Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Wells Fargo & Company increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Bank of America increased their price target on Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $184.44.
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NYSE:KEYS traded up $1.40 during midday trading on Friday, reaching $159.61. 1,775,712 shares of the company traded hands, compared to its average volume of 1,058,121. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20. The company has a fifty day moving average price of $169.84 and a 200 day moving average price of $161.41. The firm has a market capitalization of $27.60 billion, a price-to-earnings ratio of 45.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02.
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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