Allstate Corp Invests $813,000 in Keysight Technologies, Inc. (NYSE:KEYS)

Allstate Corp purchased a new stake in Keysight Technologies, Inc. (NYSE:KEYS) during the 4th quarter, HoldingsChannel reports. The fund purchased 5,064 shares of the scientific and technical instruments company’s stock, valued at approximately $813,000.

Several other institutional investors have also bought and sold shares of the stock. Cerity Partners LLC grew its holdings in shares of Keysight Technologies by 12.9% in the 3rd quarter. Cerity Partners LLC now owns 9,994 shares of the scientific and technical instruments company’s stock worth $1,588,000 after purchasing an additional 1,140 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Keysight Technologies by 1.9% during the third quarter. The Manufacturers Life Insurance Company now owns 107,592 shares of the scientific and technical instruments company’s stock worth $17,100,000 after buying an additional 2,013 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Keysight Technologies by 10.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,563 shares of the scientific and technical instruments company’s stock worth $5,334,000 after buying an additional 3,293 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Keysight Technologies by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 7,579 shares of the scientific and technical instruments company’s stock worth $1,205,000 after buying an additional 900 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Keysight Technologies by 27.6% in the third quarter. Captrust Financial Advisors now owns 6,940 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after acquiring an additional 1,502 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KEYS. Robert W. Baird lifted their price objective on Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Wells Fargo & Company raised their price objective 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. Finally, StockNews.com lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.44.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $149.91 on Tuesday. The firm has a fifty day moving average of $165.76 and a two-hundred day moving average of $162.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The stock has a market capitalization of $25.91 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $186.20.

Insider Buying and Selling at Keysight Technologies

In other news, CFO Neil Dougherty sold 3,632 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. The trade was a 3.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

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.