Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Cynosure Group LLC

Cynosure Group LLC trimmed its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 21.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,019 shares of the scientific and technical instruments company’s stock after selling 541 shares during the period. Cynosure Group LLC’s holdings in Keysight Technologies were worth $324,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Erste Asset Management GmbH purchased a new stake in Keysight Technologies during the 3rd quarter valued at approximately $29,000. Groupama Asset Managment raised its stake in shares of Keysight Technologies by 76.6% during the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 9,437 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Keysight Technologies during the third quarter worth approximately $35,000. Venturi Wealth Management LLC lifted its holdings in shares of Keysight Technologies by 100.8% during the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 133 shares during the period. Finally, Versant Capital Management Inc grew its position in 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 valued at $57,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Neil Dougherty sold 3,632 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the transaction, the chief financial officer now owns 115,063 shares in the company, valued at $17,834,765. This trade represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KEYS has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $170.00 to $200.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company increased their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Keysight Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.44.

Keysight Technologies Stock Performance

KEYS opened at $151.76 on Thursday. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The stock has a market cap of $26.23 billion, a P/E ratio of 43.36, a P/E/G ratio of 2.41 and a beta of 1.12. The stock’s 50 day simple moving average is $164.91 and its 200 day simple moving average is $162.41. 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.