Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,159 shares of the scientific and technical instruments company's stock after selling 3,387 shares during the quarter. DAVENPORT & Co LLC's holdings in Keysight Technologies were worth $5,496,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Keysight Technologies by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company's stock worth $697,411,000 after purchasing an additional 323,235 shares during the period. Swedbank AB lifted its stake in Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company's stock worth $702,671,000 after purchasing an additional 292,372 shares during the last quarter. Fort Pitt Capital Group LLC boosted its position in shares of Keysight Technologies by 59.1% during the third quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company's stock valued at $109,138,000 after buying an additional 254,985 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Keysight Technologies by 27.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company's stock valued at $158,692,000 after buying an additional 216,564 shares during the period. Finally, State Street Corp grew its stake in shares of Keysight Technologies by 2.5% during the third quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company's stock valued at $1,248,773,000 after buying an additional 194,294 shares during the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the transaction, the senior vice president now owns 85,829 shares in the company, valued at $13,886,273.91. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $60,126.50. Following the completion of the transaction, the vice president now directly owns 4,820 shares in the company, valued at $828,027.80. This represents a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,063 shares of company stock valued at $5,573,941. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Stock Down 1.8 %

Keysight Technologies stock traded down $3.16 during mid-day trading on Friday, reaching $174.43. 1,129,279 shares of the company were exchanged, compared to its average volume of 883,931. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The firm has a market cap of $30.16 billion, a P/E ratio of 49.84, a PEG ratio of 2.26 and a beta of 1.02. The business has a fifty day moving average of $167.55 and a 200 day moving average of $156.25. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $180.26.

Analysts Set New Price Targets

KEYS has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Robert W. Baird upped their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Bank of America raised their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Keysight Technologies has an average rating of "Moderate Buy" and an average target price of $180.80.

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.