Zurcher Kantonalbank Zurich Cantonalbank Trims Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,309 shares of the scientific and technical instruments company’s stock after selling 2,254 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Keysight Technologies were worth $5,029,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of KEYS. Truvestments Capital LLC purchased a new stake in shares of Keysight Technologies in the third quarter worth $28,000. Erste Asset Management GmbH purchased a new stake in shares of Keysight Technologies in the third quarter worth $29,000. Goodman Advisory Group LLC purchased a new stake in shares of Keysight Technologies in the third quarter worth $35,000. Groupama Asset Managment grew its stake in shares of 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 worth $35,000 after acquiring an additional 9,437 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of 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 worth $43,000 after acquiring an additional 133 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Up 2.7 %

KEYS stock opened at $152.11 on Friday. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The business’s 50-day moving average is $168.15 and its two-hundred day moving average is $161.93. 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 company has a market cap of $26.29 billion, a price-to-earnings ratio of 43.46, a P/E/G ratio of 2.41 and a beta of 1.10.

Insider Transactions at Keysight Technologies

In other news, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares of the company’s stock, valued at $13,886,273.91. This trade represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KEYS shares. Bank of America increased their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. Robert W. Baird increased 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. Wells Fargo & Company increased their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Barclays increased their price objective on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $170.00 to $200.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.44.

Keysight Technologies 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.