Pitcairn Co. Cuts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Pitcairn Co. lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 15.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,536 shares of the scientific and technical instruments company’s stock after selling 627 shares during the period. Pitcairn Co.’s holdings in Keysight Technologies were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Keysight Technologies in the second quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in Keysight Technologies in the 2nd quarter valued at $30,000. American National Bank & Trust purchased a new position in Keysight Technologies in the 3rd quarter valued at $31,000. GPS Wealth Strategies Group LLC boosted its stake in Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 184 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Keysight Technologies by 842.4% during the second quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 278 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KEYS has been the topic of several research reports. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird increased their price target on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Susquehanna reissued a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upped their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.30.

Keysight Technologies Stock Up 0.8 %

Shares of NYSE:KEYS opened at $171.66 on Tuesday. The company has a market capitalization of $29.79 billion, a price-to-earnings ratio of 49.05, a PEG ratio of 2.27 and a beta of 0.98. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $175.39. The business has a 50-day moving average price of $156.56 and a 200 day moving average price of $146.35. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

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.