JPMorgan Chase & Co. Sells 607,839 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

JPMorgan Chase & Co. cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 34.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,143,184 shares of the scientific and technical instruments company's stock after selling 607,839 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.66% of Keysight Technologies worth $183,630,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Erste Asset Management GmbH acquired a new stake in shares of Keysight Technologies during the third quarter worth $29,000. Goodman Advisory Group LLC acquired a new stake in Keysight Technologies during the 3rd quarter worth about $35,000. Venturi Wealth Management LLC raised its position in shares of Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company's stock worth $43,000 after acquiring an additional 133 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Keysight Technologies by 79.4% in the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company's stock valued at $57,000 after purchasing an additional 158 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Keysight Technologies in the 3rd quarter valued at about $120,000. Institutional investors own 84.58% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Robert W. Baird increased their target price on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company lifted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $184.44.

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Keysight Technologies Stock Down 6.6 %

Shares of Keysight Technologies stock traded down $8.97 during trading hours on Friday, reaching $126.76. The company's stock had a trading volume of 2,107,026 shares, compared to its average volume of 1,155,570. The company has a market capitalization of $21.91 billion, a P/E ratio of 36.22, a P/E/G ratio of 2.41 and a beta of 1.12. The stock's fifty day simple moving average is $163.25 and its two-hundred day simple moving average is $162.15. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Insider Buying and Selling

In other Keysight Technologies news, CFO Neil Dougherty sold 3,632 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was 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 directly owns 115,063 shares of the company's stock, valued at approximately $17,834,765. The trade was a 3.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies 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.