Keysight Technologies, Inc. (NYSE:KEYS) Short Interest Down 14.6% in January

Keysight Technologies, Inc. (NYSE:KEYS) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,400,000 shares, a decrease of 14.6% from the December 31st total of 2,810,000 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KEYS shares. Barclays upped their price target on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America boosted their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a report on Wednesday, November 20th. Susquehanna restated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. Finally, 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 research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.80.

Insider Transactions at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lisa M. Poole sold 350 shares of the firm’s 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 sale, the vice president now directly owns 4,820 shares in the company, valued at $828,027.80. The trade was a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,063 shares of company stock valued at $5,573,941. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Keysight Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEYS. State Street Corp raised its position 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. Swedbank AB grew its holdings in 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 purchasing an additional 292,372 shares during the period. Geode Capital Management LLC increased its position in shares of 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 buying an additional 323,235 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Keysight Technologies by 1.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,081,169 shares of the scientific and technical instruments company’s stock worth $171,830,000 after buying an additional 10,579 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Keysight Technologies by 27.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock valued at $158,692,000 after buying an additional 216,564 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Up 5.4 %

KEYS traded up $9.16 during trading on Friday, hitting $179.68. The stock had a trading volume of 831,269 shares, compared to its average volume of 806,972. The stock has a 50 day simple moving average of $166.85 and a two-hundred day simple moving average of $155.10. The company has a market capitalization of $31.07 billion, a PE ratio of 51.30, a PEG ratio of 2.13 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. Keysight Technologies has a twelve month low of $119.72 and a twelve month high of $180.26.

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.