Champlain Investment Partners LLC Trims Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Champlain Investment Partners LLC lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 31.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 951,370 shares of the scientific and technical instruments company’s stock after selling 431,985 shares during the period. Champlain Investment Partners LLC owned about 0.55% of Keysight Technologies worth $152,819,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KEYS. Vanguard Group Inc. boosted its stake in shares of Keysight Technologies by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company’s stock valued at $3,352,932,000 after purchasing an additional 55,223 shares in the last quarter. Geode Capital Management LLC boosted its position in Keysight Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company’s stock valued at $708,349,000 after acquiring an additional 17,213 shares in the last quarter. Boston Partners increased its holdings in shares of Keysight Technologies by 21.7% in the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company’s stock valued at $637,125,000 after acquiring an additional 704,920 shares during the period. Invesco Ltd. raised its position in shares of Keysight Technologies by 2.1% in the 4th quarter. Invesco Ltd. now owns 2,220,050 shares of the scientific and technical instruments company’s stock worth $356,607,000 after acquiring an additional 45,867 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Keysight Technologies during the 4th quarter worth $320,707,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Wells Fargo & Company raised their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird lifted their price target 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. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.44.

Insider Activity at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at approximately $17,834,765. This trade represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

Keysight Technologies Stock Performance

Shares of NYSE KEYS opened at $134.99 on Thursday. The company has a 50 day simple moving average of $155.42 and a two-hundred day simple moving average of $160.67. The stock has a market cap of $23.33 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 2.41 and a beta of 1.12. 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.

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.