First Trust Advisors LP Increases Position in Keysight Technologies, Inc. (NYSE:KEYS)

First Trust Advisors LP increased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 49.3% in the fourth quarter, HoldingsChannel reports. The firm owned 96,964 shares of the scientific and technical instruments company’s stock after buying an additional 32,021 shares during the period. First Trust Advisors LP’s holdings in Keysight Technologies were worth $15,575,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KEYS. Forum Financial Management LP boosted its holdings in shares of Keysight Technologies by 24.5% in the 4th quarter. Forum Financial Management LP now owns 1,735 shares of the scientific and technical instruments company’s stock valued at $279,000 after buying an additional 341 shares in the last quarter. Capital International Ltd. CA boosted its stake in Keysight Technologies by 23.8% in the fourth quarter. Capital International Ltd. CA now owns 35,756 shares of the scientific and technical instruments company’s stock valued at $5,743,000 after acquiring an additional 6,876 shares in the last quarter. Capital Group Investment Management PTE. LTD. grew its holdings in Keysight Technologies by 23.2% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 7,681 shares of the scientific and technical instruments company’s stock worth $1,234,000 after purchasing an additional 1,448 shares during the last quarter. Capital International Sarl grew its holdings in Keysight Technologies by 28.3% in the fourth quarter. Capital International Sarl now owns 51,818 shares of the scientific and technical instruments company’s stock worth $8,324,000 after purchasing an additional 11,426 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its position in shares of Keysight Technologies by 1.5% during the fourth quarter. Osterweis Capital Management Inc. now owns 236,736 shares of the scientific and technical instruments company’s stock worth $38,027,000 after purchasing an additional 3,533 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KEYS. JPMorgan Chase & Co. dropped their target price on Keysight Technologies from $200.00 to $172.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. StockNews.com downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Robert W. Baird lifted their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company upped their price target 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. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.33.

Insiders Place Their Bets

In other news, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the sale, the chief financial officer now directly owns 115,063 shares of the company’s stock, valued at $17,834,765. This represents a 3.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

Keysight Technologies Stock Up 0.1 %

NYSE:KEYS opened at $143.98 on Monday. The firm has a market capitalization of $24.88 billion, a P/E ratio of 41.14, a PEG ratio of 2.41 and a beta of 1.12. The company’s fifty day moving average price is $149.43 and its 200-day moving average price is $159.82. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

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.