Martingale Asset Management L P Cuts Position in Keysight Technologies, Inc. (NYSE:KEYS)

Martingale Asset Management L P trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 12.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,854 shares of the scientific and technical instruments company’s stock after selling 797 shares during the period. Martingale Asset Management L P’s holdings in Keysight Technologies were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Swedbank AB grew its stake in shares of Keysight Technologies by 7.1% in the third 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 in the last quarter. Fort Pitt Capital Group LLC raised its stake in shares of Keysight Technologies by 59.1% during 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 purchasing an additional 254,985 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of Keysight Technologies by 506.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 300,903 shares of the scientific and technical instruments company’s stock worth $41,148,000 after purchasing an additional 251,274 shares in the last quarter. Interval Partners LP purchased a new position in shares of Keysight Technologies in the second quarter valued at $29,512,000. Finally, Point72 Asset Management L.P. grew its holdings in Keysight Technologies by 22.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 999,581 shares of the scientific and technical instruments company’s stock valued at $136,693,000 after purchasing an additional 185,635 shares in the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 completion of the sale, the senior vice president now directly owns 35,912 shares of the company’s stock, valued at $6,151,725.60. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $171.79, for a total value of $60,126.50. Following the completion of the transaction, the vice president now directly owns 4,820 shares in the company, valued at $828,027.80. This represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Keysight Technologies Stock Performance

Shares of KEYS opened at $171.60 on Tuesday. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $175.39. The stock has a market capitalization of $29.78 billion, a P/E ratio of 49.03, a P/E/G ratio of 2.19 and a beta of 0.98. The firm’s 50 day moving average is $158.84 and its 200-day moving average is $147.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Wall Street Analysts Forecast Growth

KEYS has been the topic of a number of recent analyst reports. Barclays upped their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley raised their price objective on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Susquehanna reissued a “positive” rating and set a $185.00 price target on shares of Keysight Technologies in a research report on Wednesday, November 20th. Finally, Robert W. Baird raised 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.30.

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.