Sumitomo Mitsui Trust Group Inc. Lowers Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 5.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 404,969 shares of the scientific and technical instruments company’s stock after selling 25,271 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Keysight Technologies were worth $65,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Keysight Technologies by 26.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company’s stock worth $3,018,000 after acquiring an additional 3,857 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in Keysight Technologies by 3.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,181 shares of the scientific and technical instruments company’s stock worth $993,000 after purchasing an additional 202 shares in the last quarter. E. Ohman J or Asset Management AB boosted its holdings in shares of Keysight Technologies by 17.1% during the 4th quarter. E. Ohman J or Asset Management AB now owns 8,200 shares of the scientific and technical instruments company’s stock valued at $1,317,000 after purchasing an additional 1,200 shares during the last quarter. Willis Investment Counsel grew its position in shares of Keysight Technologies by 2.9% during the fourth quarter. Willis Investment Counsel now owns 75,611 shares of the scientific and technical instruments company’s stock valued at $12,145,000 after purchasing an additional 2,125 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of Keysight Technologies by 4.6% in the fourth quarter. CENTRAL TRUST Co now owns 2,908 shares of the scientific and technical instruments company’s stock worth $467,000 after purchasing an additional 129 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Keysight Technologies stock 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 company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $167.62 and a 200-day moving average price of $156.76. The firm has a market capitalization of $30.16 billion, a PE ratio of 49.84, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02.

Analyst Upgrades and Downgrades

KEYS has been the subject of a number of research reports. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft increased their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Bank of America increased their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird boosted their target price 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. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $180.80.

Insider Buying and Selling

In related news, VP Lisa M. Poole sold 350 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $171.79, for a total value of $60,126.50. Following the transaction, the vice president now owns 4,820 shares of the company’s stock, valued at $828,027.80. This trade represents a 6.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Satish Dhanasekaran sold 17,822 shares of the business’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 directly owns 116,582 shares of the company’s stock, valued at approximately $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 33,063 shares of company stock valued at $5,573,941 in the last ninety days. 0.61% of the stock is owned by company insiders.

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.