Concurrent Investment Advisors LLC Increases Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Concurrent Investment Advisors LLC increased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,440 shares of the scientific and technical instruments company’s stock after purchasing an additional 304 shares during the period. Concurrent Investment Advisors LLC’s holdings in Keysight Technologies were worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its position in Keysight Technologies by 2.5% during the 3rd 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. Swedbank AB boosted its position in Keysight Technologies by 7.1% during the 3rd 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. Geode Capital Management LLC boosted its position in Keysight Technologies by 7.9% during the 3rd 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. Kovitz Investment Group Partners LLC boosted its position in 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 worth $158,692,000 after purchasing an additional 216,564 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Keysight Technologies by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 986,921 shares of the scientific and technical instruments company’s stock worth $156,851,000 after purchasing an additional 26,421 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price objective on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America boosted their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. Finally, Barclays boosted their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.22.

Insider Activity

In related news, VP Lisa M. Poole sold 350 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total transaction of $60,126.50. Following the sale, the vice president now owns 4,820 shares in the company, valued at $828,027.80. This represents a 6.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the sale, the chief executive officer now owns 116,582 shares in the company, valued at approximately $19,779,302.12. This trade represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,063 shares of company stock worth $5,573,941. 0.61% of the stock is currently owned by corporate insiders.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $175.33 on Friday. The firm has a market cap of $30.32 billion, a PE ratio of 50.10, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The firm’s 50-day simple moving average is $169.77 and its 200-day simple moving average is $159.97. 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, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20.

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.