Connor Clark & Lunn Investment Management Ltd. Has $7.06 Million Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 607.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,959 shares of the scientific and technical instruments company’s stock after purchasing an additional 37,745 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Keysight Technologies were worth $7,061,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Keysight Technologies by 2.5% in the third quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock worth $1,248,773,000 after buying an additional 194,294 shares during the last quarter. Swedbank AB raised its stake in shares of Keysight Technologies by 7.1% in the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after acquiring an additional 292,372 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Keysight Technologies by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after purchasing an additional 323,235 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Keysight Technologies by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,015,675 shares of the scientific and technical instruments company’s stock worth $163,148,000 after purchasing an additional 28,754 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in Keysight Technologies by 27.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock valued at $158,692,000 after purchasing an additional 216,564 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Robert W. Baird lifted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft increased their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Bank of America lifted their price target on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $184.44.

Keysight Technologies Stock Performance

Shares of NYSE KEYS opened at $152.11 on Friday. The firm has a market capitalization of $26.29 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The business has a fifty day simple moving average of $167.92 and a 200 day simple moving average of $161.98. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

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.