Cibc World Markets Corp Acquires 3,676 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Cibc World Markets Corp grew its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,378 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,676 shares during the quarter. Cibc World Markets Corp’s holdings in Keysight Technologies were worth $4,398,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Keysight Technologies during the 3rd quarter valued at about $28,000. Erste Asset Management GmbH bought a new stake in Keysight Technologies in the 3rd quarter worth approximately $29,000. Goodman Advisory Group LLC bought a new stake in Keysight Technologies in the 3rd quarter worth approximately $35,000. Groupama Asset Managment lifted its position in Keysight Technologies by 76.6% in the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 9,437 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 133 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

KEYS opened at $155.42 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. The stock has a market capitalization of $26.86 billion, a PE ratio of 44.41, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The stock’s 50 day moving average price is $167.24 and its 200-day moving average price is $161.99.

Insider Activity

In related news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $161.79, for a total transaction of $970,740.00. Following the sale, the senior vice president now directly owns 85,829 shares in the company, valued at $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Susquehanna restated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday, November 20th. StockNews.com cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 11th. Morgan Stanley lifted their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.44.

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.