US Bancorp DE Decreases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

US Bancorp DE lowered its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,524 shares of the scientific and technical instruments company’s stock after selling 794 shares during the quarter. US Bancorp DE’s holdings in Keysight Technologies were worth $8,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KEYS. Caprock Group LLC increased its holdings in Keysight Technologies by 2.2% during the fourth quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company’s stock worth $502,000 after buying an additional 66 shares during the last quarter. OLD National Bancorp IN grew its position in shares of Keysight Technologies by 3.3% during the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company’s stock valued at $340,000 after acquiring an additional 68 shares during the period. RMR Wealth Builders increased its stake in shares of Keysight Technologies by 2.8% during the 4th quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock worth $417,000 after purchasing an additional 70 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Keysight Technologies by 3.8% in the 4th quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company’s stock worth $392,000 after purchasing an additional 88 shares during the period. Finally, Argonautica Private Wealth Management Inc. lifted its stake in Keysight Technologies by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 8,134 shares of the scientific and technical instruments company’s stock valued at $1,307,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity

In other Keysight Technologies news, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the transaction, the senior vice president now owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

Keysight Technologies Trading Down 1.6 %

NYSE KEYS opened at $153.33 on Wednesday. The stock’s 50 day moving average is $169.70 and its 200 day moving average is $161.81. 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 firm has a market capitalization of $26.51 billion, a PE ratio of 43.81, a P/E/G ratio of 2.41 and a beta of 1.02. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $186.20.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com raised Keysight Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday. Bank of America lifted their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Finally, Morgan Stanley boosted 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 equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $184.44.

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.