Point72 Asset Management L.P. Purchases 780,893 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Point72 Asset Management L.P. raised its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 343.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,008,192 shares of the scientific and technical instruments company’s stock after purchasing an additional 780,893 shares during the quarter. Point72 Asset Management L.P. owned 0.58% of Keysight Technologies worth $161,946,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KEYS. Czech National Bank raised its position in Keysight Technologies by 5.8% in the 4th quarter. Czech National Bank now owns 37,628 shares of the scientific and technical instruments company’s stock valued at $6,044,000 after buying an additional 2,073 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Keysight Technologies by 3.8% in the 4th quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company’s stock worth $392,000 after acquiring an additional 88 shares in the last quarter. Community Trust & Investment Co. raised its holdings in shares of Keysight Technologies by 0.8% in the fourth quarter. Community Trust & Investment Co. now owns 113,818 shares of the scientific and technical instruments company’s stock valued at $18,283,000 after purchasing an additional 958 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Keysight Technologies by 27.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,654 shares of the scientific and technical instruments company’s stock valued at $1,069,000 after purchasing an additional 1,440 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Keysight Technologies during the fourth quarter worth about $572,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insiders Place Their Bets

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at $17,834,765. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Keysight Technologies Stock Down 0.3%

Shares of NYSE:KEYS opened at $164.50 on Thursday. The firm has a fifty day moving average price of $145.92 and a two-hundred day moving average price of $159.28. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 47.00, a PEG 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. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20.

Analysts Set New Price Targets

Several equities research analysts have commented on KEYS shares. Robert W. Baird increased their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target on Keysight Technologies from $200.00 to $172.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Morgan Stanley lifted their price target on Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday. StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.33.

Keysight Technologies Company 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.