New York Life Investment Management LLC Decreases Position in Keysight Technologies, Inc. (NYSE:KEYS)

New York Life Investment Management LLC cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,856 shares of the scientific and technical instruments company’s stock after selling 706 shares during the period. New York Life Investment Management LLC’s holdings in Keysight Technologies were worth $4,153,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KEYS. Truvestments Capital LLC purchased a new stake in Keysight Technologies during the 3rd quarter valued at about $28,000. Erste Asset Management GmbH bought a new stake in Keysight Technologies in the third quarter valued at approximately $29,000. Goodman Advisory Group LLC bought a new position in shares of Keysight Technologies in the third quarter worth approximately $35,000. Venturi Wealth Management LLC increased its stake in shares of Keysight Technologies by 100.8% in the fourth 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 period. Finally, Versant Capital Management Inc raised its holdings in Keysight Technologies by 79.4% during the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 158 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KEYS shares. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Bank of America boosted their price target on Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a report on Wednesday, November 20th. Barclays increased their price objective on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Morgan Stanley boosted their target price on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company raised their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $184.44.

Insider Activity at Keysight Technologies

In other news, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 85,829 shares in the company, valued at $13,886,273.91. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Page sold 3,884 shares of Keysight Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value of $658,959.44. Following the completion of the transaction, the senior vice president now directly owns 37,081 shares of the company’s stock, valued at approximately $6,291,162.46. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,118 shares of company stock valued at $5,411,891 in the last three months. Company insiders own 0.61% of the company’s stock.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $159.61 on Friday. The business has a fifty day simple moving average of $169.84 and a two-hundred day simple moving average of $161.41. The firm has a market capitalization of $27.60 billion, a P/E ratio of 45.60, a P/E/G ratio of 2.41 and a beta of 1.02. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

Keysight Technologies 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.