Allianz SE Acquires New Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Allianz SE bought a new position in Keysight Technologies, Inc. (NYSE:KEYS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,934 shares of the scientific and technical instruments company’s stock, valued at approximately $1,440,000.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Keysight Technologies by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company’s stock valued at $8,896,000 after purchasing an additional 1,755 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Keysight Technologies by 26.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company’s stock valued at $3,018,000 after acquiring an additional 3,857 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Keysight Technologies by 8.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company’s stock valued at $4,448,000 after acquiring an additional 2,260 shares in the last quarter. Portfolio Design Labs LLC raised its holdings in Keysight Technologies by 17.7% in the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company’s stock worth $2,498,000 after acquiring an additional 2,336 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 valued at $697,411,000 after purchasing an additional 323,235 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Keysight Technologies Stock Performance

NYSE:KEYS opened at $150.40 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock has a 50-day simple moving average of $166.07 and a two-hundred day simple moving average of $162.38. The firm has a market capitalization of $25.99 billion, a PE ratio of 42.97, a P/E/G ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20.

Insider Activity

In other Keysight Technologies news, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 85,829 shares in the company, valued at $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Keysight Technologies 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.