Dark Forest Capital Management LP Acquires 2,313 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Dark Forest Capital Management LP increased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 84.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,068 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,313 shares during the quarter. Dark Forest Capital Management LP’s holdings in Keysight Technologies were worth $814,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its position in shares of Keysight Technologies by 100.8% during the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 133 shares during the period. Versant Capital Management Inc boosted its position in Keysight Technologies by 79.4% during the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 158 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $120,000. Huntington National Bank raised its holdings in shares of Keysight Technologies by 37.4% in the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company’s stock valued at $127,000 after purchasing an additional 216 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of Keysight Technologies by 45.0% in the fourth quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company’s stock valued at $134,000 after purchasing an additional 259 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

NYSE:KEYS opened at $143.80 on Friday. The company has a market cap of $24.85 billion, a P/E ratio of 41.09, a P/E/G ratio of 2.41 and a beta of 1.12. The firm’s fifty day moving average price is $150.25 and its two-hundred day moving average price is $159.87. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KEYS. Wells Fargo & Company lifted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on Keysight Technologies from $200.00 to $172.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, Robert W. Baird increased their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.33.

Insider Activity at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the sale, the chief financial officer now directly owns 115,063 shares of the company’s stock, valued at approximately $17,834,765. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.

Keysight Technologies 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.