Barclays PLC Sells 88,593 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Barclays PLC cut its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 305,401 shares of the scientific and technical instruments company's stock after selling 88,593 shares during the period. Barclays PLC owned about 0.18% of Keysight Technologies worth $49,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Synovus Financial Corp acquired a new stake in Keysight Technologies during the 4th quarter worth approximately $200,000. Townsquare Capital LLC lifted its position in Keysight Technologies by 15.7% in the 4th quarter. Townsquare Capital LLC now owns 3,983 shares of the scientific and technical instruments company's stock valued at $640,000 after acquiring an additional 539 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Keysight Technologies by 53.2% in the 4th quarter. Sterling Capital Management LLC now owns 10,677 shares of the scientific and technical instruments company's stock worth $1,715,000 after purchasing an additional 3,707 shares during the period. Schiavi & Co LLC acquired a new position in Keysight Technologies in the 4th quarter worth $212,000. Finally, Argent Trust Co increased its holdings in Keysight Technologies by 41.9% during the 4th quarter. Argent Trust Co now owns 1,906 shares of the scientific and technical instruments company's stock worth $306,000 after purchasing an additional 563 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Neil Dougherty sold 3,632 shares of the firm's stock in a transaction dated 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 owns 115,063 shares in the company, valued at approximately $17,834,765. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KEYS. StockNews.com cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. JPMorgan Chase & Co. decreased their price target on shares of Keysight Technologies from $200.00 to $172.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Robert W. Baird boosted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, 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 report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Keysight Technologies Stock Performance

Shares of KEYS traded up $5.02 during midday trading on Wednesday, reaching $140.13. The stock had a trading volume of 191,594 shares, compared to its average volume of 1,146,924. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $151.96 and a 200-day simple moving average of $160.11. The firm has a market cap of $24.22 billion, a PE ratio of 40.04, a P/E/G ratio of 2.41 and a beta of 1.12. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20.

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.