Avantax Advisory Services Inc. Buys 272 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Avantax Advisory Services Inc. raised its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 5.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,722 shares of the scientific and technical instruments company’s stock after acquiring an additional 272 shares during the period. Avantax Advisory Services Inc.’s holdings in Keysight Technologies were worth $919,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KEYS. PNC Financial Services Group Inc. lifted its position in shares of Keysight Technologies by 3.3% during the fourth 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Keysight Technologies by 26.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company’s stock worth $3,018,000 after buying an additional 3,857 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company’s stock worth $4,448,000 after buying an additional 2,260 shares in the last quarter. Portfolio Design Labs LLC grew its holdings in shares of Keysight Technologies by 17.7% in the fourth quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after acquiring an additional 2,336 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Keysight Technologies by 7.9% during the third 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 acquiring an additional 323,235 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Down 0.2 %

KEYS opened at $155.16 on Friday. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a market cap of $26.81 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $167.05 and a 200 day moving average of $161.95.

Insiders Place Their Bets

In other news, SVP Mark Adam Wallace sold 6,000 shares of the firm’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 approximately $13,886,273.91. This trade represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KEYS. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Robert W. Baird increased their price target 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. StockNews.com lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company increased their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.44.

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.