TradeLink Capital LLC Invests $292,000 in Keysight Technologies, Inc. (NYSE:KEYS)

TradeLink Capital LLC acquired a new position in Keysight Technologies, Inc. (NYSE:KEYS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,820 shares of the scientific and technical instruments company’s stock, valued at approximately $292,000. Keysight Technologies comprises 2.9% of TradeLink Capital LLC’s holdings, making the stock its 14th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Keysight Technologies by 2.5% in the third quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock worth $1,248,773,000 after acquiring an additional 194,294 shares during the period. Swedbank AB lifted its position in shares of Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after buying an additional 292,372 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Keysight Technologies by 7.9% in the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after buying an additional 323,235 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Keysight Technologies by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,015,675 shares of the scientific and technical instruments company’s stock worth $163,148,000 after buying an additional 28,754 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Keysight Technologies by 27.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock worth $158,692,000 after buying an additional 216,564 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Analyst Upgrades and Downgrades

KEYS has been the topic of a number of research analyst reports. StockNews.com upgraded Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Bank of America boosted their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird upped their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $184.44.

Insider Activity

In other news, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 of the company’s stock, 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 can be accessed through this link. Insiders own 0.61% of the company’s stock.

Keysight Technologies Trading Up 1.0 %

KEYS opened at $156.09 on Friday. The stock has a market cap of $26.99 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 2.41 and a beta of 1.10. The stock’s 50 day moving average price is $169.00 and its 200-day moving average price is $162.13. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

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.