KBC Group NV Grows Stake in Keysight Technologies, Inc. (NYSE:KEYS)

KBC Group NV lifted its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,367 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,424 shares during the quarter. KBC Group NV’s holdings in Keysight Technologies were worth $9,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in Keysight Technologies in the third quarter worth about $28,000. Erste Asset Management GmbH purchased a new position in Keysight Technologies in the 3rd quarter worth approximately $29,000. American National Bank & Trust bought a new position in Keysight Technologies in the 3rd quarter valued at approximately $31,000. Goodman Advisory Group LLC purchased a new stake in Keysight Technologies during the 3rd quarter valued at $35,000. Finally, Versant Capital Management Inc increased its holdings in shares of Keysight Technologies by 79.4% in the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS opened at $168.33 on Thursday. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $175.39. 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 has a market cap of $29.15 billion, a price-to-earnings ratio of 48.09, a PEG ratio of 2.18 and a beta of 1.02. The business has a 50-day simple moving average of $166.84 and a two-hundred day simple moving average of $154.99.

Insider Buying and Selling

In related news, VP Lisa M. Poole sold 350 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $171.79, for a total transaction of $60,126.50. Following the completion of the transaction, the vice president now directly owns 4,820 shares of the company’s stock, valued at approximately $828,027.80. This trade represents a 6.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the sale, the senior vice president now directly owns 85,829 shares in the company, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,063 shares of company stock valued at $5,573,941. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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. Bank of America lifted their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. Susquehanna restated a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Finally, StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $180.80.

About Keysight Technologies

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.