Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 37.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,789 shares of the scientific and technical instruments company’s stock after selling 12,057 shares during the period. State of Alaska Department of Revenue’s holdings in Keysight Technologies were worth $3,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Keysight Technologies by 88.4% during the third quarter. GAMMA Investing LLC now owns 987 shares of the scientific and technical instruments company’s stock valued at $157,000 after purchasing an additional 463 shares during the last quarter. Brookstone Capital Management grew its position in shares of Keysight Technologies by 3.4% during the 3rd quarter. Brookstone Capital Management now owns 2,935 shares of the scientific and technical instruments company’s stock valued at $466,000 after buying an additional 97 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Keysight Technologies by 3,570.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,615 shares of the scientific and technical instruments company’s stock worth $257,000 after acquiring an additional 1,571 shares during the period. Compagnie Lombard Odier SCmA lifted its holdings in Keysight Technologies by 63.1% in the third quarter. Compagnie Lombard Odier SCmA now owns 66,699 shares of the scientific and technical instruments company’s stock worth $10,600,000 after acquiring an additional 25,809 shares during the last quarter. Finally, Willis Investment Counsel boosted its stake in Keysight Technologies by 1.6% in the third quarter. Willis Investment Counsel now owns 73,486 shares of the scientific and technical instruments company’s stock valued at $11,679,000 after acquiring an additional 1,152 shares during the period. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Trading Down 1.8 %

Shares of NYSE:KEYS opened at $174.43 on Monday. The firm has a market cap of $30.16 billion, a P/E ratio of 49.84, a P/E/G ratio of 2.25 and a beta of 1.02. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $180.26. The company has a 50 day moving average of $167.62 and a 200-day moving average of $156.76.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Susquehanna reiterated a “positive” rating and set a $185.00 price target on shares of Keysight Technologies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $170.00 to $200.00 in a report on Monday, December 16th. Robert W. Baird increased 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. Finally, Morgan Stanley boosted their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.80.

Insider Transactions at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. This trade represents a 6.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 17,822 shares of the company’s 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 sale, the chief executive officer now directly owns 116,582 shares of the company’s stock, valued at $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,063 shares of company stock valued at $5,573,941. Corporate 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.