Jensen Investment Management Inc. Boosts Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Jensen Investment Management Inc. boosted its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 39,010 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,400 shares during the period. Jensen Investment Management Inc.’s holdings in Keysight Technologies were worth $6,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of KEYS. Truvestments Capital LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $28,000. Erste Asset Management GmbH purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $29,000. Goodman Advisory Group LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $35,000. Groupama Asset Managment lifted its position in shares of Keysight Technologies by 76.6% during the 3rd 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 last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Keysight Technologies by 100.8% during the 4th 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 last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mark Adam Wallace sold 6,000 shares of the company’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 completion of the transaction, the senior vice president now directly owns 85,829 shares in the company, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $152.11 on Monday. The firm has a market capitalization of $26.29 billion, a P/E ratio of 43.46, a P/E/G ratio of 2.41 and a beta of 1.10. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $167.92 and its two-hundred day simple moving average is $162.04. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20.

Analyst Ratings Changes

KEYS has been the topic of a number of recent research reports. Robert W. Baird upped their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $170.00 to $200.00 in a research note on Monday, December 16th. 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. Barclays boosted their price objective on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, StockNews.com lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus price target 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.