Van ECK Associates Corp Sells 1,219,887 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Van ECK Associates Corp cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 88.4% in the fourth quarter, Holdings Channel reports. The fund owned 159,693 shares of the scientific and technical instruments company’s stock after selling 1,219,887 shares during the period. Van ECK Associates Corp’s holdings in Keysight Technologies were worth $25,652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings in shares of Keysight Technologies by 3,570.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,615 shares of the scientific and technical instruments company’s stock valued at $257,000 after buying an additional 1,571 shares during the last quarter. Creative Planning raised its holdings in shares of Keysight Technologies by 11.4% in the third quarter. Creative Planning now owns 20,874 shares of the scientific and technical instruments company’s stock valued at $3,318,000 after buying an additional 2,138 shares during the last quarter. Swedbank AB raised its holdings in shares of Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after buying an additional 292,372 shares during the last quarter. Cardinal Capital Management raised its holdings in shares of Keysight Technologies by 1.1% in the third quarter. Cardinal Capital Management now owns 38,900 shares of the scientific and technical instruments company’s stock valued at $6,182,000 after buying an additional 410 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Keysight Technologies by 4.3% in the third quarter. V Square Quantitative Management LLC now owns 12,842 shares of the scientific and technical instruments company’s stock valued at $2,041,000 after buying an additional 531 shares during the last quarter. 84.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Susquehanna reaffirmed a “positive” rating and issued a $185.00 price target on shares of Keysight Technologies in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. StockNews.com lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird lifted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and a consensus price target of $180.80.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $183.40 on Friday. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $184.35. 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 market capitalization of $31.71 billion, a P/E ratio of 52.40, a PEG ratio of 2.25 and a beta of 1.02. The business has a 50-day moving average of $168.38 and a 200-day moving average of $157.93.

Insider Activity

In other news, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $171.79, for a total transaction of $60,126.50. Following the transaction, the vice president now 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 SEC, which is available at this hyperlink. Also, SVP Kailash Narayanan sold 595 shares of Keysight Technologies stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $171.30, for a total value of $101,923.50. Following the transaction, the senior vice president now owns 35,912 shares in the company, valued at $6,151,725.60. This trade represents a 1.63 % 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. Corporate insiders own 0.61% 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.