abrdn plc Sells 23,231 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

abrdn plc reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,214 shares of the scientific and technical instruments company's stock after selling 23,231 shares during the period. abrdn plc owned about 0.15% of Keysight Technologies worth $42,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Keysight Technologies during the third quarter worth about $28,000. Erste Asset Management GmbH bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at $29,000. Goodman Advisory Group LLC bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at $35,000. Groupama Asset Managment increased its position in shares of Keysight Technologies by 76.6% during the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 9,437 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in Keysight Technologies during the third quarter worth $57,000. Institutional investors own 84.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KEYS. Morgan Stanley increased their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Susquehanna reaffirmed a "positive" rating and set a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Bank of America raised their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Keysight Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Keysight Technologies currently has an average rating of "Moderate Buy" and an average price target of $180.80.

Insider Transactions at Keysight Technologies

In other news, SVP Kailash Narayanan sold 595 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $171.30, for a total value of $101,923.50. Following the completion of the transaction, the senior vice president now directly owns 35,912 shares of the company's stock, valued at $6,151,725.60. This represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $171.79, for a total value of $60,126.50. Following the sale, the vice president now owns 4,820 shares in the company, valued at $828,027.80. This trade represents a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,063 shares of company stock valued at $5,573,941 over the last ninety days. 0.61% of the stock is currently owned by insiders.

Keysight Technologies Stock Down 1.8 %

Shares of NYSE:KEYS traded down $3.16 during midday trading on Friday, hitting $174.43. 1,129,279 shares of the company's stock were exchanged, compared to its average volume of 865,004. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $180.26. The company has a market cap of $30.16 billion, a PE ratio of 49.84, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The stock has a 50 day moving average price of $167.62 and a 200-day moving average price of $156.49.

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.