Vinva Investment Management Ltd Acquires New Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Vinva Investment Management Ltd acquired a new stake in Keysight Technologies, Inc. (NYSE:KEYS) during the 3rd quarter, Holdings Channel reports. The fund acquired 7,429 shares of the scientific and technical instruments company’s stock, valued at approximately $1,179,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Public Sector Pension Investment Board lifted its position in Keysight Technologies by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 7,579 shares of the scientific and technical instruments company’s stock valued at $1,205,000 after acquiring an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Keysight Technologies by 10.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,563 shares of the scientific and technical instruments company’s stock valued at $5,334,000 after acquiring an additional 3,293 shares in the last quarter. Brooklyn Investment Group bought a new stake in Keysight Technologies in the 3rd quarter valued at $85,000. The Manufacturers Life Insurance Company lifted its position in Keysight Technologies by 1.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 107,592 shares of the scientific and technical instruments company’s stock valued at $17,100,000 after acquiring an additional 2,013 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in Keysight Technologies during the 3rd quarter worth about $28,000. 84.58% of the stock is owned by institutional investors.

Insider Activity at Keysight Technologies

In related news, VP Lisa M. Poole sold 350 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total value of $60,126.50. Following the transaction, the vice president now owns 4,820 shares in the company, valued at approximately $828,027.80. This represents a 6.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on KEYS. Bank of America boosted their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Barclays boosted their price target on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley boosted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.30.

Keysight Technologies Stock Up 1.4 %

Shares of KEYS opened at $171.00 on Friday. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $175.39. The firm has a market cap of $29.68 billion, a P/E ratio of 48.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.98. The firm’s 50-day simple moving average is $158.06 and its 200 day simple moving average is $146.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Keysight Technologies Profile

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.