Primecap Management Co. CA Sells 14,960 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Primecap Management Co. CA decreased its position in Keysight Technologies, Inc. (NYSE:KEYS) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 687,275 shares of the scientific and technical instruments company’s stock after selling 14,960 shares during the quarter. Primecap Management Co. CA’s holdings in Keysight Technologies were worth $110,397,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KEYS. Truvestments Capital LLC bought a new stake 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 in the 3rd quarter worth approximately $29,000. Goodman Advisory Group LLC acquired a new stake in Keysight Technologies in the 3rd quarter worth approximately $35,000. Groupama Asset Managment lifted its holdings in Keysight Technologies by 76.6% in the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 9,437 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS opened at $152.60 on Wednesday. The business’s fifty day moving average price is $167.43 and its two-hundred day moving average price is $162.04. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The stock has a market capitalization of $26.37 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KEYS shares. Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Susquehanna restated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. StockNews.com lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 11th. Finally, 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. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.44.

Insider Activity

In other news, SVP Mark Adam Wallace sold 6,000 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 85,829 shares in the company, valued at approximately $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 SEC, which is available through this link. 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.