Primecap Management Co. CA Cuts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Primecap Management Co. CA reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 687,275 shares of the scientific and technical instruments company’s stock after selling 14,960 shares during the period. Primecap Management Co. CA owned 0.40% of Keysight Technologies worth $110,397,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in Keysight Technologies in the third quarter valued at approximately $28,000. Erste Asset Management GmbH purchased a new position in Keysight Technologies in the third quarter valued at approximately $29,000. Goodman Advisory Group LLC purchased a new position in Keysight Technologies in the third quarter valued at approximately $35,000. Groupama Asset Managment raised its holdings in Keysight Technologies by 76.6% in the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 9,437 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in 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 valued at $43,000 after buying an additional 133 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

Shares of KEYS opened at $152.60 on Wednesday. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. 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 firm has a fifty day moving average of $167.43 and a 200-day moving average of $162.04.

Insider Activity at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction dated Monday, December 30th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective 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 reiterated a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research note on Wednesday, November 20th. Robert W. Baird lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, StockNews.com downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.