Legal & General Group Plc Sells 415,565 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Legal & General Group Plc lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 23.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,347,140 shares of the scientific and technical instruments company’s stock after selling 415,565 shares during the period. Legal & General Group Plc owned 0.78% of Keysight Technologies worth $216,391,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Keysight Technologies by 3.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,952 shares of the scientific and technical instruments company’s stock worth $314,000 after acquiring an additional 61 shares in the last quarter. Caprock Group LLC grew its stake in shares of Keysight Technologies by 2.2% in the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company’s stock worth $502,000 after acquiring an additional 66 shares in the last quarter. Signaturefd LLC grew its stake in shares of Keysight Technologies by 2.8% in the 4th quarter. Signaturefd LLC now owns 2,410 shares of the scientific and technical instruments company’s stock worth $387,000 after acquiring an additional 66 shares in the last quarter. OLD National Bancorp IN grew its stake in shares of Keysight Technologies by 3.3% in the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company’s stock worth $340,000 after acquiring an additional 68 shares in the last quarter. Finally, RMR Wealth Builders increased its holdings in Keysight Technologies by 2.8% during the fourth quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock worth $417,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Activity

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the sale, the chief financial officer now directly owns 115,063 shares in the company, valued at $17,834,765. The trade was a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KEYS shares. Wells Fargo & Company raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Robert W. Baird raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. StockNews.com downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $170.00 to $200.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.44.

Keysight Technologies Price Performance

KEYS stock opened at $142.29 on Thursday. The firm has a 50 day moving average of $159.56 and a 200-day moving average of $161.44. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The firm has a market capitalization of $24.59 billion, a P/E ratio of 40.65, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12.

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.