Mcrae Capital Management Inc. Grows Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Mcrae Capital Management Inc. increased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 113,051 shares of the scientific and technical instruments company’s stock after purchasing an additional 700 shares during the period. Keysight Technologies accounts for 3.6% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Mcrae Capital Management Inc. owned about 0.07% of Keysight Technologies worth $18,159,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of Keysight Technologies by 2.5% in the third 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 acquiring an additional 194,294 shares during the period. Swedbank AB boosted its holdings in Keysight Technologies by 7.1% in the 3rd 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 grew its position 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 valued at $697,411,000 after purchasing an additional 323,235 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Keysight Technologies by 27.6% in the third 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 purchasing an additional 216,564 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Keysight Technologies by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 986,921 shares of the scientific and technical instruments company’s stock worth $156,851,000 after buying an additional 26,421 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the sale, the chief executive officer now owns 116,582 shares of the company’s stock, valued at $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffrey K. Li sold 4,412 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $171.92, for a total transaction of $758,511.04. Following the transaction, the senior vice president now directly owns 30,637 shares of the company’s stock, valued at $5,267,113.04. This represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,063 shares of company stock worth $5,573,941. Company insiders own 0.61% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $179.42 on Friday. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $180.26. The stock has a market capitalization of $31.02 billion, a P/E ratio of 51.26, a P/E/G ratio of 2.25 and a beta of 1.02. The company’s 50-day moving average is $167.95 and its 200 day moving average is $157.46. 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 Analyst Weigh In

A number of analysts have recently issued reports on KEYS shares. Morgan Stanley lifted their price target on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Bank of America lifted their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $180.80.

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.