Cynosure Group LLC Cuts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Cynosure Group LLC cut its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,019 shares of the scientific and technical instruments company’s stock after selling 541 shares during the quarter. Cynosure Group LLC’s holdings in Keysight Technologies were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bryce Point Capital LLC acquired a new stake in shares of Keysight Technologies in the fourth quarter valued at $2,052,000. DKM Wealth Management Inc. purchased a new stake in Keysight Technologies during the 4th quarter worth about $233,000. Huntington National Bank raised its position in Keysight Technologies by 37.4% in the 4th quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company’s stock valued at $127,000 after purchasing an additional 216 shares in the last quarter. Kesler Norman & Wride LLC purchased a new position in shares of Keysight Technologies in the 4th quarter valued at about $637,000. Finally, Meeder Advisory Services Inc. boosted its stake in shares of Keysight Technologies by 19.9% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,543 shares of the scientific and technical instruments company’s stock valued at $569,000 after buying an additional 588 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE:KEYS opened at $151.76 on Thursday. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. The company’s fifty day moving average price is $164.91 and its 200 day moving average price is $162.41.

Insiders Place Their Bets

In related news, CFO Neil Dougherty sold 3,632 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 115,063 shares of the company’s stock, valued at $17,834,765. This represents a 3.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.