Guinness Asset Management LTD Sells 246 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Guinness Asset Management LTD trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,153 shares of the scientific and technical instruments company’s stock after selling 246 shares during the period. Guinness Asset Management LTD’s holdings in Keysight Technologies were worth $506,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. UMB Bank n.a. raised its position in shares of Keysight Technologies by 24.6% during the 4th quarter. UMB Bank n.a. now owns 973 shares of the scientific and technical instruments company’s stock valued at $156,000 after acquiring an additional 192 shares during the last quarter. Mechanics Bank Trust Department bought a new stake in Keysight Technologies in the fourth quarter valued at about $241,000. HB Wealth Management LLC lifted its stake in Keysight Technologies by 3.9% in the fourth quarter. HB Wealth Management LLC now owns 3,412 shares of the scientific and technical instruments company’s stock valued at $548,000 after buying an additional 129 shares during the period. Avanza Fonder AB bought a new position in Keysight Technologies during the fourth quarter worth about $2,869,000. Finally, RMR Wealth Builders grew its position in shares of Keysight Technologies by 2.8% during the 4th 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 period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Stock Performance

KEYS opened at $165.70 on Monday. The business’s 50-day simple moving average is $164.72 and its 200 day simple moving average is $153.30. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $175.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The firm has a market capitalization of $28.69 billion, a PE ratio of 47.34, a PEG ratio of 2.05 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Barclays increased their target price 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. 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 raised their price objective on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, StockNews.com cut Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $180.80.

Insider Transactions at Keysight Technologies

In other news, 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 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. The trade was a 6.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Satish Dhanasekaran sold 17,822 shares of the firm’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 completion of the sale, the chief executive officer now owns 116,582 shares of the company’s stock, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,063 shares of company stock worth $5,573,941 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies 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.