Fisher Funds Management LTD Makes New $4.28 Million Investment in Keysight Technologies, Inc. (NYSE:KEYS)

Fisher Funds Management LTD purchased a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, Holdings Channel.com reports. The fund purchased 26,661 shares of the scientific and technical instruments company’s stock, valued at approximately $4,284,000.

A number of other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in 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 valued at $697,411,000 after purchasing an additional 323,235 shares during the period. Swedbank AB grew its position in shares of Keysight Technologies by 7.1% in the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after buying an additional 292,372 shares during the last quarter. Fort Pitt Capital Group LLC increased its stake in shares of Keysight Technologies by 59.1% in the third quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock valued at $109,138,000 after buying an additional 254,985 shares during the period. Kovitz Investment Group Partners LLC raised its position in shares of Keysight Technologies by 27.6% during 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 acquiring an additional 216,564 shares during the last quarter. Finally, State Street Corp lifted 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. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Trading Down 5.2 %

NYSE:KEYS opened at $175.33 on Monday. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $30.32 billion, a price-to-earnings ratio of 50.10, a PEG ratio of 2.41 and a beta of 1.02. The firm has a fifty day simple moving average of $169.77 and a two-hundred day simple moving average of $160.25.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KEYS. Susquehanna reissued a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday, November 20th. Barclays increased their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird increased their price target on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $182.22.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the completion of the sale, the chief executive officer now owns 116,582 shares in the company, valued at approximately $19,779,302.12. The trade was a 13.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kailash Narayanan sold 595 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $171.30, for a total transaction of $101,923.50. Following the transaction, the senior vice president now owns 35,912 shares in the company, valued at approximately $6,151,725.60. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,713 shares of company stock valued at $5,513,815 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

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.