Keysight Technologies, Inc. (NYSE:KEYS) Short Interest Update

Keysight Technologies, Inc. (NYSE:KEYS) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,400,000 shares, a decrease of 14.6% from the December 15th total of 2,810,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.4% of the company’s stock are short sold.

Insider Buying and Selling

In other Keysight Technologies news, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares in the company, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Lisa M. Poole sold 350 shares of the firm’s stock in a transaction on 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 in the company, valued at $828,027.80. This trade represents a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,063 shares of company stock valued at $5,573,941. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Keysight Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. RMR Wealth Builders raised its stake in shares of Keysight Technologies by 2.8% in the fourth quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock valued at $417,000 after buying an additional 70 shares during the period. Cromwell Holdings LLC increased its holdings in Keysight Technologies by 15.9% in the 3rd quarter. Cromwell Holdings LLC now owns 548 shares of the scientific and technical instruments company’s stock worth $87,000 after acquiring an additional 75 shares during the last quarter. Allworth Financial LP raised its stake in Keysight Technologies by 3.9% in the 3rd quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company’s stock valued at $317,000 after acquiring an additional 75 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Keysight Technologies by 0.4% during the second quarter. Ameritas Investment Partners Inc. now owns 20,669 shares of the scientific and technical instruments company’s stock valued at $2,826,000 after purchasing an additional 82 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in Keysight Technologies by 3.8% during the fourth quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company’s stock worth $392,000 after purchasing an additional 88 shares during the period. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock traded up $0.62 on Friday, reaching $165.70. 692,970 shares of the company traded hands, compared to its average volume of 696,506. The company has a 50 day moving average of $164.72 and a 200 day moving average of $152.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies has a 52 week low of $119.72 and a 52 week high of $175.39. The firm has a market capitalization of $28.69 billion, a PE ratio of 47.34, a PEG ratio of 2.05 and a beta of 1.02.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $170.00 to $200.00 in a research report on Monday, December 16th. StockNews.com downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Robert W. Baird increased their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Susquehanna restated a “positive” rating and set a $185.00 price target on shares of Keysight Technologies in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Keysight Technologies has an average rating of “Moderate Buy” and a consensus target price 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.