DAVENPORT & Co LLC Sells 3,387 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

DAVENPORT & Co LLC lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,159 shares of the scientific and technical instruments company’s stock after selling 3,387 shares during the period. DAVENPORT & Co LLC’s holdings in Keysight Technologies were worth $5,496,000 as of its most recent SEC filing.

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

Keysight Technologies Trading Down 1.0 %

KEYS opened at $176.49 on Tuesday. The stock has a market capitalization of $30.52 billion, a P/E ratio of 50.42, a P/E/G ratio of 2.26 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. The firm’s fifty day simple moving average is $167.11 and its 200 day simple moving average is $155.68. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, SVP Mark Adam Wallace sold 6,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the sale, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at $13,886,273.91. The trade was a 6.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was 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 in the company, 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. In the last ninety days, insiders have sold 33,063 shares of company stock valued at $5,573,941. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KEYS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Susquehanna reaffirmed a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. Barclays lifted 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. Bank of America lifted their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. Finally, 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. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.80.

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.