KLP Kapitalforvaltning AS Takes $9.06 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

KLP Kapitalforvaltning AS purchased a new position in Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 56,400 shares of the scientific and technical instruments company’s stock, valued at approximately $9,060,000.

A number of other large investors also recently added to or reduced their stakes in KEYS. Sei Investments Co. grew its position in shares of Keysight Technologies by 27.1% in the fourth quarter. Sei Investments Co. now owns 164,585 shares of the scientific and technical instruments company’s stock valued at $26,436,000 after purchasing an additional 35,102 shares during the period. Mizuho Securities USA LLC lifted its stake in Keysight Technologies by 45.3% in the 4th quarter. Mizuho Securities USA LLC now owns 16,448 shares of the scientific and technical instruments company’s stock valued at $2,642,000 after buying an additional 5,130 shares in the last quarter. Virtu Financial LLC acquired a new stake in Keysight Technologies in the 4th quarter worth about $833,000. Quantbot Technologies LP purchased a new stake in Keysight Technologies during the 4th quarter worth approximately $2,114,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Keysight Technologies by 23.3% in the fourth quarter. TD Private Client Wealth LLC now owns 3,851 shares of the scientific and technical instruments company’s stock valued at $619,000 after acquiring an additional 727 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KEYS shares. 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 research report on Wednesday, February 26th. StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Finally, Robert W. Baird raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One investment 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 has a consensus rating of “Moderate Buy” and an average price target of $184.44.

Keysight Technologies Trading Up 2.7 %

Shares of KEYS stock opened at $158.75 on Tuesday. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The firm has a market cap of $27.43 billion, a PE ratio of 45.36, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The company has a 50-day moving average of $166.87 and a two-hundred day moving average of $162.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Insider Transactions at Keysight Technologies

In other news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies 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 of the company’s stock, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

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.