Crestwood Advisors Group LLC lowered its holdings in Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,654 shares of the scientific and technical instruments company’s stock after selling 346 shares during the period. Crestwood Advisors Group LLC’s holdings in Keysight Technologies were worth $4,442,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Truvestments Capital LLC purchased a new stake in Keysight Technologies during the 3rd quarter worth $28,000. Erste Asset Management GmbH acquired a new position in shares of Keysight Technologies during the third quarter worth about $29,000. Goodman Advisory Group LLC purchased a new stake in shares of Keysight Technologies in the third quarter worth about $35,000. Groupama Asset Managment grew its stake in shares of Keysight Technologies by 76.6% in the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 9,437 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Keysight Technologies by 100.8% during the 4th 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 period. Hedge funds and other institutional investors own 84.58% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Bank of America upped 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. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley lifted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Barclays upped their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the company 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 issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.22.
Keysight Technologies Stock Down 1.3 %
Shares of Keysight Technologies stock opened at $173.19 on Tuesday. The business has a 50-day moving average price of $169.82 and a 200 day moving average price of $160.60. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The firm has a market cap of $29.95 billion, a P/E ratio of 49.48, a P/E/G ratio of 2.41 and a beta of 1.02. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.
Insider Transactions at Keysight Technologies
In other Keysight Technologies news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the sale, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at $13,886,273.91. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kailash Narayanan sold 595 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $171.30, for a total value of $101,923.50. Following the completion of the transaction, the senior vice president now directly owns 35,912 shares of the company’s stock, valued at $6,151,725.60. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,713 shares of company stock worth $5,513,815. 0.61% of the stock is currently owned by corporate insiders.
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.
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