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

State of Alaska Department of Revenue cut its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 37.9% in the fourth quarter, HoldingsChannel reports. The fund owned 19,789 shares of the scientific and technical instruments company’s stock after selling 12,057 shares during the quarter. State of Alaska Department of Revenue’s holdings in Keysight Technologies were worth $3,178,000 as of its most recent SEC filing.

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

Insider Activity at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were 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 in the company, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satish Dhanasekaran sold 17,822 shares of Keysight Technologies stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,063 shares of company stock worth $5,573,941. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Stock Down 1.8 %

Shares of NYSE:KEYS opened at $174.43 on Monday. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $180.26. 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 quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $167.62 and its two-hundred day moving average price is $156.76.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KEYS shares. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Barclays boosted their price target on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Susquehanna reissued a “positive” rating and issued a $185.00 price objective on shares of Keysight Technologies in a research note on Wednesday, November 20th. Bank of America upped their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report 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 company an “overweight” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average price target 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.