Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Fmr LLC

FMR LLC reduced its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,452 shares of the scientific and technical instruments company's stock after selling 16,664 shares during the quarter. FMR LLC owned 0.08% of Keysight Technologies worth $21,686,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies during the second quarter worth approximately $27,000. Truvestments Capital LLC purchased a new position in shares of Keysight Technologies in the third quarter valued at $28,000. Family Firm Inc. purchased a new position in shares of Keysight Technologies in the second quarter valued at $30,000. American National Bank & Trust purchased a new position in shares of Keysight Technologies in the third quarter valued at $31,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 184 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded down $3.64 on Tuesday, reaching $168.89. 1,150,440 shares of the company's stock were exchanged, compared to its average volume of 1,207,302. The firm has a market capitalization of $29.31 billion, a price-to-earnings ratio of 48.25, a PEG ratio of 2.20 and a beta of 1.00. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $175.39. The business's 50-day moving average is $160.60 and its two-hundred day moving average is $148.01. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Insiders Place Their Bets

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the sale, the chief executive officer now owns 116,582 shares of the company's stock, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa M. Poole sold 350 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 4,820 shares in the company, valued at approximately $828,027.80. This trade represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,063 shares of company stock valued at $4,603,201. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KEYS shares. Robert W. Baird upped their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Susquehanna restated a "positive" rating and issued a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, August 21st. Bank of America upped their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley upped their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.30.

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.