Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 227,908 shares of the scientific and technical instruments company’s stock after selling 323 shares during the quarter. Clearbridge Investments LLC owned approximately 0.13% of Keysight Technologies worth $36,609,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in Keysight Technologies by 44.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 503,177 shares of the scientific and technical instruments company’s stock valued at $80,825,000 after buying an additional 153,777 shares during the period. Allianz SE purchased a new stake in Keysight Technologies in the fourth quarter valued at approximately $1,440,000. Allstate Corp acquired a new position in Keysight Technologies during the fourth quarter worth approximately $813,000. DnB Asset Management AS raised its stake in Keysight Technologies by 2.8% during the fourth quarter. DnB Asset Management AS now owns 32,915 shares of the scientific and technical instruments company’s stock worth $5,287,000 after purchasing an additional 906 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Keysight Technologies by 15.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 23,397 shares of the scientific and technical instruments company’s stock valued at $3,758,000 after purchasing an additional 3,164 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Activity at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the transaction, the chief financial officer now owns 115,063 shares of the company’s stock, valued at approximately $17,834,765. This represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. StockNews.com cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $170.00 to $200.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.44.

Keysight Technologies Stock Up 0.1 %

Shares of NYSE:KEYS opened at $149.93 on Wednesday. The company has a market capitalization of $25.91 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The company has a 50 day moving average of $165.33 and a two-hundred day moving average of $162.48. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

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.