Tidal Investments LLC Boosts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Tidal Investments LLC boosted its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,649 shares of the scientific and technical instruments company’s stock after acquiring an additional 642 shares during the period. Tidal Investments LLC’s holdings in Keysight Technologies were worth $1,375,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Keysight Technologies during the 2nd quarter worth $27,000. Truvestments Capital LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at about $28,000. Erste Asset Management GmbH acquired a new position in shares of Keysight Technologies during the third quarter worth about $29,000. Family Firm Inc. purchased a new stake in shares of Keysight Technologies during the second quarter worth approximately $30,000. Finally, American National Bank & Trust acquired a new stake in Keysight Technologies in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Down 3.7 %

Shares of NYSE KEYS opened at $160.21 on Thursday. The stock has a market cap of $27.80 billion, a PE ratio of 45.77, a price-to-earnings-growth ratio of 2.15 and a beta of 1.00. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $175.39. The business has a 50-day moving average price of $161.83 and a 200 day moving average price of $148.97. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Insider Activity

In other news, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the completion of the sale, the chief executive officer now owns 116,582 shares in the company, valued at approximately $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lisa M. Poole sold 350 shares of the business’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 completion of the transaction, the vice president now owns 4,820 shares in the company, valued at $828,027.80. This trade represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,063 shares of company stock valued at $4,603,201. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on KEYS. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Barclays increased their target price on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price target on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America upped their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Finally, StockNews.com lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.80.

Keysight Technologies Company 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.