CIBC Asset Management Inc Has $32.98 Million Stake in Keysight Technologies, Inc. (NYSE:KEYS)

CIBC Asset Management Inc boosted its position in Keysight Technologies, Inc. (NYSE:KEYS) by 60.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,787 shares of the scientific and technical instruments company’s stock after purchasing an additional 77,631 shares during the period. CIBC Asset Management Inc owned 0.12% of Keysight Technologies worth $32,983,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KEYS. Truvestments Capital LLC bought a new stake in shares of Keysight Technologies during the third quarter worth about $28,000. Erste Asset Management GmbH acquired a new position in Keysight Technologies in the 3rd quarter valued at approximately $29,000. Goodman Advisory Group LLC acquired a new position in shares of Keysight Technologies during the third quarter worth $35,000. Groupama Asset Managment lifted its holdings in shares of Keysight Technologies by 76.6% during the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 9,437 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in shares of Keysight Technologies in the third quarter worth $57,000. 84.58% of the stock is currently owned by institutional investors.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 17,822 shares of the company’s stock in a transaction on 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total transaction of $60,126.50. Following the transaction, the vice president now owns 4,820 shares of the company’s stock, valued at $828,027.80. This represents a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,063 shares of company stock valued at $5,573,941 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $170.00 to $200.00 in a report on Monday, December 16th. Morgan Stanley lifted their price objective on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Bank of America increased their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research report on Wednesday, November 20th. 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, StockNews.com cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target of $180.80.

Keysight Technologies Stock Up 2.3 %

Shares of NYSE KEYS opened at $183.40 on Tuesday. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $184.35. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The firm has a market cap of $31.71 billion, a PE ratio of 52.40, a P/E/G ratio of 2.25 and a beta of 1.02. The company’s fifty day simple moving average is $168.60 and its 200 day simple moving average is $158.57.

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.