State of Alaska Department of Revenue Sells 12,057 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

State of Alaska Department of Revenue cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 37.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,789 shares of the scientific and technical instruments company's stock after selling 12,057 shares during the quarter. State of Alaska Department of Revenue's holdings in Keysight Technologies were worth $3,178,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Keysight Technologies during the 3rd quarter worth approximately $28,000. Erste Asset Management GmbH bought a new stake in shares of Keysight Technologies in the 3rd quarter worth approximately $29,000. Goodman Advisory Group LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at approximately $35,000. Groupama Asset Managment lifted its stake in shares of Keysight Technologies by 76.6% in the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 9,437 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at approximately $57,000. 84.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Jeffrey K. Li sold 4,412 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $171.92, for a total value of $758,511.04. Following the transaction, the senior vice president now owns 30,637 shares in the company, valued at $5,267,113.04. This represents a 12.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 116,582 shares in the company, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,063 shares of company stock valued at $5,573,941 in the last 90 days. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KEYS has been the subject of a number of research analyst reports. 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. upgraded 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 lifted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Barclays lifted their price objective on Keysight Technologies from $180.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $180.80.

Keysight Technologies Stock Performance

Shares of NYSE KEYS traded up $1.68 during trading on Thursday, reaching $179.42. 632,108 shares of the company traded hands, compared to its average volume of 876,304. The firm has a 50 day simple moving average of $167.95 and a 200-day simple moving average of $157.46. 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 stock has a market capitalization of $31.02 billion, a PE ratio of 51.26, a P/E/G ratio of 2.25 and a beta of 1.02. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $180.26.

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.