Portfolio Design Labs LLC Purchases 2,336 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Portfolio Design Labs LLC lifted its position in Keysight Technologies, Inc. (NYSE:KEYS) by 17.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,554 shares of the scientific and technical instruments company’s stock after buying an additional 2,336 shares during the quarter. Portfolio Design Labs LLC’s holdings in Keysight Technologies were worth $2,498,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in Keysight Technologies by 7.9% during the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after purchasing an additional 323,235 shares during the period. Swedbank AB boosted its position in Keysight Technologies by 7.1% during the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after purchasing an additional 292,372 shares during the period. Fort Pitt Capital Group LLC boosted its position in 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 worth $109,138,000 after purchasing an additional 254,985 shares during the period. Kovitz Investment Group Partners LLC boosted its position in 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 purchasing an additional 216,564 shares during the period. Finally, State Street Corp boosted its position in Keysight Technologies by 2.5% during 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 purchasing an additional 194,294 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of NYSE KEYS opened at $176.50 on Wednesday. The business has a fifty day simple moving average of $167.84 and a 200 day simple moving average of $157.32. 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 firm has a market capitalization of $30.52 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 2.25 and a beta of 1.02. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $180.26.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, SVP Jeffrey K. Li sold 4,412 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the completion of the transaction, the senior vice president now directly owns 30,637 shares in the company, valued at $5,267,113.04. This represents a 12.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares of the company’s stock, valued at $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,063 shares of company stock worth $5,573,941. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Bank of America upped their price target on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price target on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays upped their price target on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird upped 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 equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus target price 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.