Point72 Hong Kong Ltd Sells 31,345 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Point72 Hong Kong Ltd lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 91.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,833 shares of the scientific and technical instruments company’s stock after selling 31,345 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Keysight Technologies were worth $450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB raised its holdings in shares of 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 acquiring an additional 292,372 shares in the last quarter. Fort Pitt Capital Group LLC increased its position in shares of Keysight Technologies by 59.1% in the third quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock worth $109,138,000 after purchasing an additional 254,985 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Keysight Technologies by 506.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 300,903 shares of the scientific and technical instruments company’s stock worth $41,148,000 after purchasing an additional 251,274 shares during the last quarter. Interval Partners LP bought a new stake in Keysight Technologies during the second quarter worth about $29,512,000. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Keysight Technologies by 22.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 999,581 shares of the scientific and technical instruments company’s stock worth $136,693,000 after purchasing an additional 185,635 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity

In related news, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total transaction of $60,126.50. Following the completion of the transaction, the vice president now directly owns 4,820 shares of the company’s stock, valued at $828,027.80. This trade represents a 6.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kailash Narayanan sold 595 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $171.30, for a total transaction of $101,923.50. Following the completion of the sale, the senior vice president now owns 35,912 shares in the company, valued at approximately $6,151,725.60. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Keysight Technologies Stock Performance

Keysight Technologies stock opened at $171.60 on Tuesday. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $175.39. The stock’s 50 day simple moving average is $158.84 and its two-hundred day simple moving average is $147.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock has a market cap of $29.78 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 2.19 and a beta of 0.98.

Analysts Set New Price Targets

A number of research firms recently weighed in on KEYS. 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. Robert W. Baird increased their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Finally, Barclays raised their target price on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $177.30.

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.