Connor Clark & Lunn Investment Management Ltd. Sells 43,289 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 87.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,214 shares of the scientific and technical instruments company’s stock after selling 43,289 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Keysight Technologies were worth $988,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Swedbank AB grew its position in Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after acquiring an additional 292,372 shares in the last quarter. Van ECK Associates Corp grew its position in Keysight Technologies by 6.1% in the second quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company’s stock worth $188,540,000 after acquiring an additional 79,774 shares in the last quarter. Boston Partners bought a new stake in Keysight Technologies in the first quarter worth approximately $175,979,000. Dimensional Fund Advisors LP boosted its holdings in shares of Keysight Technologies by 14.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,122,309 shares of the scientific and technical instruments company’s stock worth $153,470,000 after buying an additional 141,062 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Keysight Technologies by 1.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,081,169 shares of the scientific and technical instruments company’s stock worth $171,830,000 after buying an additional 10,579 shares during the period. 84.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KEYS shares. JPMorgan Chase & Co. upped their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Robert W. Baird upped their price objective on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Barclays upped their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. StockNews.com downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd. Finally, Susquehanna reaffirmed a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $177.30.

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 sale, the vice president now owns 4,820 shares of the company’s stock, valued at $828,027.80. The trade was a 6.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Keysight Technologies Stock Performance

NYSE KEYS opened at $168.60 on Thursday. The stock has a market cap of $29.26 billion, a P/E ratio of 49.11, a PEG ratio of 2.22 and a beta of 0.98. The company’s 50-day simple moving average is $157.43 and its 200 day simple moving average is $146.65. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $175.39. The company has a quick ratio of 2.27, a current ratio of 2.98 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.