Valliance Asset Management Ltd Purchases Shares of 10,000 Keysight Technologies, Inc. (NYSE:KEYS)

Valliance Asset Management Ltd purchased a new stake in Keysight Technologies, Inc. (NYSE:KEYS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the scientific and technical instruments company’s stock, valued at approximately $1,606,000. Keysight Technologies accounts for about 2.9% of Valliance Asset Management Ltd’s holdings, making the stock its 11th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of KEYS. Geode Capital Management LLC increased its holdings in Keysight Technologies by 7.9% in 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 buying an additional 323,235 shares during the period. Swedbank AB increased 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 buying an additional 292,372 shares during the period. Fort Pitt Capital Group LLC increased its holdings in Keysight Technologies by 59.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock valued at $109,138,000 after buying an additional 254,985 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Keysight Technologies by 27.6% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock valued at $158,692,000 after buying an additional 216,564 shares during the period. Finally, State Street Corp increased its holdings in Keysight Technologies by 2.5% in the 3rd 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 buying an additional 194,294 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Down 5.2 %

Shares of NYSE KEYS opened at $175.33 on Friday. The firm’s 50-day simple moving average is $169.77 and its 200 day simple moving average is $159.97. The company has a market cap of $30.32 billion, a price-to-earnings ratio of 50.10, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The company has a quick ratio of 2.27, a current ratio of 2.98 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.

Insider Buying and Selling

In other Keysight Technologies news, SVP Kailash Narayanan sold 595 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $171.30, for a total transaction of $101,923.50. Following the transaction, the senior vice president now directly owns 35,912 shares in the company, valued at approximately $6,151,725.60. This represents a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Lisa M. Poole sold 350 shares of the company’s 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 transaction, the vice president now owns 4,820 shares in the company, valued at approximately $828,027.80. The trade was a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,063 shares of company stock worth $5,573,941 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KEYS. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $170.00 to $200.00 in a report on Monday, December 16th. Barclays boosted their target price on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Susquehanna restated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Bank of America boosted their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $182.22.

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.