CIBC Private Wealth Group LLC Trims Stake in Keysight Technologies, Inc. (NYSE:KEYS)

CIBC Private Wealth Group LLC trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 3.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 208,694 shares of the scientific and technical instruments company’s stock after selling 6,644 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Keysight Technologies were worth $34,412,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KEYS. Arrowstreet Capital Limited Partnership lifted its stake in Keysight Technologies by 44.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 503,177 shares of the scientific and technical instruments company’s stock worth $80,825,000 after acquiring an additional 153,777 shares during the period. Allianz SE bought a new stake in shares of Keysight Technologies in the 4th quarter valued at about $1,440,000. Allstate Corp bought a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $813,000. DnB Asset Management AS boosted its stake in shares of Keysight Technologies by 2.8% during the fourth quarter. DnB Asset Management AS now owns 32,915 shares of the scientific and technical instruments company’s stock valued at $5,287,000 after purchasing an additional 906 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in Keysight Technologies by 15.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 23,397 shares of the scientific and technical instruments company’s stock worth $3,758,000 after buying an additional 3,164 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Wall Street Analyst Weigh In

KEYS has been the topic of several recent research reports. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Robert W. Baird lifted their target price on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research note 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 Saturday, March 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.44.

Keysight Technologies Trading Down 3.1 %

Shares of Keysight Technologies stock opened at $150.40 on Monday. The firm’s 50 day simple moving average is $166.07 and its two-hundred day simple moving average is $162.48. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. 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.