Pitcairn Co. Lowers Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Pitcairn Co. lowered its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 15.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,536 shares of the scientific and technical instruments company’s stock after selling 627 shares during the period. Pitcairn Co.’s holdings in Keysight Technologies were worth $562,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KEYS. Public Employees Retirement System of Ohio raised its position in Keysight Technologies by 9.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 83,128 shares of the scientific and technical instruments company’s stock valued at $13,000,000 after purchasing an additional 6,833 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in Keysight Technologies in the first quarter valued at approximately $542,000. B. Riley Wealth Advisors Inc. raised its holdings in Keysight Technologies by 16.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,018 shares of the scientific and technical instruments company’s stock valued at $472,000 after acquiring an additional 423 shares in the last quarter. Hancock Whitney Corp grew its holdings in Keysight Technologies by 2.0% during the 1st quarter. Hancock Whitney Corp now owns 9,238 shares of the scientific and technical instruments company’s stock worth $1,445,000 after acquiring an additional 179 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Keysight Technologies by 9.4% in the 1st quarter. Comerica Bank now owns 44,556 shares of the scientific and technical instruments company’s stock valued at $6,968,000 after purchasing an additional 3,824 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $171.66 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The business has a 50 day simple moving average of $156.56 and a 200-day simple moving average of $146.35. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $175.39. The stock has a market capitalization of $29.79 billion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 2.27 and a beta of 0.98.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. StockNews.com downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft increased their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Susquehanna restated a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. Finally, Barclays increased their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.30.

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.