Reinhart Partners LLC. Reduces Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Reinhart Partners LLC. decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,604 shares of the scientific and technical instruments company's stock after selling 8,679 shares during the period. Reinhart Partners LLC.'s holdings in Keysight Technologies were worth $7,004,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the transaction, the chief executive officer now directly owns 116,582 shares in the company, valued at approximately $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares in the company, valued at $13,886,273.91. This trade represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,063 shares of company stock valued at $5,573,941. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target 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. StockNews.com cut Keysight Technologies from a "buy" rating to a "hold" rating in a research report on Thursday. Barclays raised their price target on Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Susquehanna reaffirmed a "positive" rating and set a $185.00 price objective on shares of Keysight Technologies in a report on Wednesday, November 20th. Finally, Robert W. Baird raised their target price on Keysight Technologies from $163.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Keysight Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $180.80.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock traded down $0.15 during trading on Monday, hitting $161.16. 709,158 shares of the company were exchanged, compared to its average volume of 728,865. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $175.39. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average price of $164.31 and a 200 day moving average price of $152.30. The stock has a market capitalization of $27.91 billion, a price-to-earnings ratio of 46.05, a P/E/G ratio of 2.12 and a beta of 1.02.

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.