Keysight Technologies (NYSE:KEYS) Shares Gap Down – Should You Sell?

Keysight Technologies, Inc. (NYSE:KEYS)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $172.17, but opened at $161.72. Keysight Technologies shares last traded at $160.33, with a volume of 594,283 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Susquehanna restated a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday, November 20th. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America upped 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. Barclays upped their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and an average target price of $183.33.

Keysight Technologies Stock Performance

The business has a 50 day moving average price of $169.93 and a two-hundred day moving average price of $160.95. The stock has a market cap of $28.11 billion, a P/E ratio of 46.41, a price-to-earnings-growth ratio of 2.41 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.

Insider Buying and Selling at Keysight Technologies

In other news, CEO Satish Dhanasekaran sold 17,822 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Page sold 3,884 shares of the company’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 $658,959.44. Following the transaction, the senior vice president now owns 37,081 shares of the company’s stock, valued at approximately $6,291,162.46. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,118 shares of company stock valued at $5,411,891 in the last 90 days. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cypress Asset Management Inc. TX acquired a new stake in Keysight Technologies in the 4th quarter valued at about $252,000. Ascent Group LLC grew its holdings in Keysight Technologies by 5.2% during the fourth quarter. Ascent Group LLC now owns 9,868 shares of the scientific and technical instruments company’s stock worth $1,585,000 after acquiring an additional 487 shares during the period. Mackenzie Financial Corp raised its holdings in Keysight Technologies by 1.6% during the fourth quarter. Mackenzie Financial Corp now owns 1,755,315 shares of the scientific and technical instruments company’s stock worth $281,956,000 after purchasing an additional 27,179 shares during the last quarter. Forum Financial Management LP increased its holdings in Keysight Technologies by 24.5% during the 4th quarter. Forum Financial Management LP now owns 1,735 shares of the scientific and technical instruments company’s stock valued at $279,000 after acquiring an additional 341 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in Keysight Technologies in the fourth quarter valued at $1,120,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

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.