Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 338,001 shares of the scientific and technical instruments company’s stock after selling 5,250 shares during the quarter. Confluence Investment Management LLC’s holdings in Keysight Technologies were worth $54,293,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Keysight Technologies by 2.7% during the third quarter. Principal Financial Group Inc. now owns 239,720 shares of the scientific and technical instruments company’s stock worth $38,099,000 after purchasing an additional 6,241 shares during the last quarter. Tidal Investments LLC raised its stake in Keysight Technologies by 8.0% during the third quarter. Tidal Investments LLC now owns 8,649 shares of the scientific and technical instruments company’s stock valued at $1,375,000 after buying an additional 642 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Keysight Technologies during the third quarter valued at approximately $120,000. Geode Capital Management LLC grew its position in shares of Keysight Technologies by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after acquiring an additional 323,235 shares in the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at approximately $35,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Mark Adam Wallace sold 6,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the completion of the sale, the senior vice president now owns 85,829 shares in the company, valued at $13,886,273.91. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 directly owns 4,820 shares of the company’s stock, valued at $828,027.80. This represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,063 shares of company stock valued at $5,573,941. Company insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

Keysight Technologies stock traded down $0.03 during mid-day trading on Thursday, hitting $160.60. 84,381 shares of the company’s stock traded hands, compared to its average volume of 1,202,335. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $175.39. The company has a market cap of $27.81 billion, a PE ratio of 45.89, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The firm has a 50 day moving average price of $162.84 and a 200 day moving average price of $150.85. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America increased their price target on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Susquehanna restated a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and an average 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.