Intrust Bank NA Sells 299 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Intrust Bank NA reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,240 shares of the scientific and technical instruments company’s stock after selling 299 shares during the quarter. Intrust Bank NA’s holdings in Keysight Technologies were worth $520,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allstate Corp bought a new stake in shares of Keysight Technologies in the 4th quarter valued at $813,000. DnB Asset Management AS lifted its holdings in Keysight Technologies by 2.8% in the fourth quarter. DnB Asset Management AS now owns 32,915 shares of the scientific and technical instruments company’s stock valued at $5,287,000 after buying an additional 906 shares during the period. Orion Portfolio Solutions LLC boosted its position in Keysight Technologies by 15.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 23,397 shares of the scientific and technical instruments company’s stock valued at $3,758,000 after acquiring an additional 3,164 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Keysight Technologies by 9.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 106,700 shares of the scientific and technical instruments company’s stock worth $17,139,000 after acquiring an additional 9,306 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Keysight Technologies by 0.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 51,264 shares of the scientific and technical instruments company’s stock worth $8,235,000 after acquiring an additional 343 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Insider Transactions at Keysight Technologies

In related 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 transaction of $970,740.00. Following the completion of the sale, the senior vice president now owns 85,829 shares in the company, valued at approximately $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 can be accessed through this link. 0.61% of the stock is currently owned by insiders.

Keysight Technologies Stock Performance

KEYS opened at $150.40 on Friday. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The company has a market cap of $25.99 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 2.41 and a beta of 1.10. The company’s fifty day moving average price is $166.07 and its two-hundred day moving average price is $162.38. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

Wall Street Analyst Weigh In

Several brokerages recently commented on KEYS. JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Wells Fargo & Company increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. StockNews.com lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, Robert W. Baird increased their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Keysight Technologies currently 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.