JPMorgan Chase & Co. Reduces Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

JPMorgan Chase & Co. trimmed its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,751,023 shares of the scientific and technical instruments company's stock after selling 170,655 shares during the quarter. JPMorgan Chase & Co. owned 1.01% of Keysight Technologies worth $278,290,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KEYS. Meeder Asset Management Inc. purchased a new position in shares of Keysight Technologies during the 2nd quarter valued at $27,000. Truvestments Capital LLC bought a new stake in Keysight Technologies during the third quarter valued at $28,000. Erste Asset Management GmbH purchased a new position in Keysight Technologies during the third quarter worth about $29,000. American National Bank & Trust bought a new position in Keysight Technologies in the 3rd quarter worth about $31,000. Finally, Goodman Advisory Group LLC bought a new position in Keysight Technologies in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on KEYS shares. Bank of America boosted their price objective on Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, November 20th. Susquehanna reiterated a "positive" rating and set a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday, November 20th. Robert W. Baird increased 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, StockNews.com raised Keysight Technologies from a "hold" rating to a "buy" rating in a research note on Friday. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $180.80.

Keysight Technologies Trading Down 1.1 %

Shares of NYSE:KEYS traded down $1.74 on Monday, reaching $161.17. 515,152 shares of the company traded hands, compared to its average volume of 1,205,120. The stock has a market capitalization of $27.91 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The business's 50-day simple moving average is $162.52 and its 200 day simple moving average is $150.44. 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 52 week low of $119.72 and a 52 week high of $175.39.

Insider Activity at Keysight Technologies

In related news, VP Lisa M. Poole sold 350 shares of the company's stock in a transaction on Monday, November 25th. The shares were 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 $828,027.80. This represents a 6.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satish Dhanasekaran sold 17,822 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the completion of the sale, the chief executive officer now directly owns 116,582 shares in the company, valued at approximately $19,779,302.12. This trade represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,063 shares of company stock worth $4,603,201 in the last ninety days. 0.60% of the stock is owned by company insiders.

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.