Zurcher Kantonalbank Zurich Cantonalbank Trims Position in Keysight Technologies, Inc. (NYSE:KEYS)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 6.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,309 shares of the scientific and technical instruments company’s stock after selling 2,254 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Keysight Technologies were worth $5,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Caprock Group LLC grew its holdings in shares of Keysight Technologies by 2.2% during the fourth quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company’s stock worth $502,000 after purchasing an additional 66 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of Keysight Technologies by 3.3% during the fourth quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company’s stock worth $340,000 after purchasing an additional 68 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of Keysight Technologies by 2.8% during the fourth quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock worth $417,000 after purchasing an additional 70 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Keysight Technologies by 3.8% during the fourth quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company’s stock worth $392,000 after purchasing an additional 88 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its holdings in shares of Keysight Technologies by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 8,134 shares of the scientific and technical instruments company’s stock worth $1,307,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on KEYS shares. Deutsche Bank Aktiengesellschaft upped their target price on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley boosted their price objective on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Susquehanna reiterated a “positive” rating and issued a $185.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 20th. StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upgraded 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 research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.44.

Insider Activity at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the sale, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $152.11 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The company has a market cap of $26.29 billion, a PE ratio of 43.46, a P/E/G ratio of 2.41 and a beta of 1.10. The business has a 50 day moving average of $168.15 and a 200 day moving average of $161.93. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week 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.