Fisher Funds Management LTD Makes New Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Fisher Funds Management LTD acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,661 shares of the scientific and technical instruments company’s stock, valued at approximately $4,284,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KEYS. State Street Corp lifted its holdings in Keysight Technologies by 2.5% during the 3rd quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock valued at $1,248,773,000 after purchasing an additional 194,294 shares during the last quarter. Swedbank AB raised its position in shares of Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares during the period. Geode Capital Management LLC lifted its stake in shares of Keysight Technologies by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after buying an additional 323,235 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Keysight Technologies by 27.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock worth $158,692,000 after buying an additional 216,564 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Keysight Technologies by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 986,921 shares of the scientific and technical instruments company’s stock valued at $156,851,000 after buying an additional 26,421 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price target on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price objective on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Susquehanna reiterated a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 20th. Finally, StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.22.

Insider Activity

In related news, SVP Kailash Narayanan sold 595 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $171.30, for a total transaction of $101,923.50. Following the sale, the senior vice president now directly owns 35,912 shares of the company’s stock, valued at approximately $6,151,725.60. The trade was a 1.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffrey K. Li sold 4,412 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the transaction, the senior vice president now owns 30,637 shares of the company’s stock, valued at approximately $5,267,113.04. This represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,713 shares of company stock worth $5,513,815. Insiders own 0.61% of the company’s stock.

Keysight Technologies Stock Down 5.2 %

Shares of KEYS opened at $175.33 on Monday. The firm has a 50 day simple moving average of $169.77 and a two-hundred day simple moving average of $160.25. 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. The company has a market cap of $30.32 billion, a P/E ratio of 50.10, a P/E/G ratio of 2.41 and a beta of 1.02.

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.