Fox Run Management L.L.C. Takes $1 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Fox Run Management L.L.C. purchased a new stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,226 shares of the scientific and technical instruments company’s stock, valued at approximately $1,000,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. KLP Kapitalforvaltning AS purchased a new stake in shares of Keysight Technologies during the 4th quarter valued at about $9,060,000. Sei Investments Co. increased its position in shares of Keysight Technologies by 27.1% during the 4th quarter. Sei Investments Co. now owns 164,585 shares of the scientific and technical instruments company’s stock valued at $26,436,000 after purchasing an additional 35,102 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in Keysight Technologies by 45.3% in the 4th quarter. Mizuho Securities USA LLC now owns 16,448 shares of the scientific and technical instruments company’s stock worth $2,642,000 after acquiring an additional 5,130 shares in the last quarter. Virtu Financial LLC bought a new stake in Keysight Technologies during the 4th quarter worth approximately $833,000. Finally, Quantbot Technologies LP bought a new stake in Keysight Technologies during the 4th quarter worth approximately $2,114,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction 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 of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Keysight Technologies Trading Down 0.3 %

Shares of KEYS opened at $154.65 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The company has a 50 day simple moving average of $166.92 and a two-hundred day simple moving average of $162.05. The firm has a market cap of $26.72 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KEYS shares. StockNews.com cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Finally, Robert W. Baird raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and an average 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.