Sumitomo Mitsui Trust Group Inc. Sells 25,271 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404,969 shares of the scientific and technical instruments company’s stock after selling 25,271 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Keysight Technologies worth $65,050,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Caprock Group LLC raised its position in shares of Keysight Technologies by 2.2% in the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company’s stock worth $502,000 after purchasing an additional 66 shares during the last quarter. OLD National Bancorp IN increased its stake in Keysight Technologies by 3.3% during the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company’s stock valued at $340,000 after purchasing an additional 68 shares in the last quarter. RMR Wealth Builders raised its holdings in Keysight Technologies by 2.8% in the fourth quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock worth $417,000 after buying an additional 70 shares during the last quarter. Cromwell Holdings LLC grew its holdings in shares of Keysight Technologies by 15.9% during the third quarter. Cromwell Holdings LLC now owns 548 shares of the scientific and technical instruments company’s stock valued at $87,000 after buying an additional 75 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Keysight Technologies by 3.9% during the third quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company’s stock valued at $317,000 after acquiring an additional 75 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Performance

KEYS opened at $174.43 on Monday. The company’s 50 day moving average is $167.62 and its 200 day moving average is $156.76. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The company has a market cap of $30.16 billion, a price-to-earnings ratio of 49.84, a PEG ratio of 2.25 and a beta of 1.02. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $180.26.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 595 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $171.30, for a total value of $101,923.50. Following the completion of the sale, the senior vice president now directly owns 35,912 shares of the company’s stock, valued at approximately $6,151,725.60. This represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction that occurred on 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 directly owns 4,820 shares in the company, valued at $828,027.80. This represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,063 shares of company stock worth $5,573,941 in the last 90 days. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird upped their price objective on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price target on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays lifted their price objective on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Susquehanna restated a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. Finally, Morgan Stanley lifted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.