Nordea Investment Management AB Reduces Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Nordea Investment Management AB cut its position in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 97.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,970 shares of the scientific and technical instruments company's stock after selling 575,590 shares during the quarter. Nordea Investment Management AB's holdings in Keysight Technologies were worth $2,258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KEYS. GAMMA Investing LLC raised its stake in shares of Keysight Technologies by 109.1% during the 4th quarter. GAMMA Investing LLC now owns 2,064 shares of the scientific and technical instruments company's stock valued at $332,000 after purchasing an additional 1,077 shares during the period. Versant Capital Management Inc raised its stake in shares of Keysight Technologies by 79.4% during 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. Principal Financial Group Inc. raised its stake in shares of Keysight Technologies by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 239,720 shares of the scientific and technical instruments company's stock valued at $38,099,000 after purchasing an additional 6,241 shares during the period. Tidal Investments LLC raised its stake in shares of Keysight Technologies by 8.0% during the 3rd quarter. Tidal Investments LLC now owns 8,649 shares of the scientific and technical instruments company's stock valued at $1,375,000 after purchasing an additional 642 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Keysight Technologies during the 3rd quarter valued at $120,000. 84.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KEYS. Barclays boosted 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. StockNews.com lowered Keysight Technologies from a "buy" rating to a "hold" rating in a research note on Thursday. 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. Bank of America upped their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird upped their target price on Keysight Technologies from $163.00 to $180.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. One 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. According to data from MarketBeat.com, Keysight Technologies presently has an average rating of "Moderate Buy" and an average price target of $180.80.

Insider Transactions at Keysight Technologies

In related news, 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 $828,027.80. This represents a 6.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 represents a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,063 shares of company stock worth $5,573,941. 0.60% of the stock is currently owned by corporate insiders.

Keysight Technologies Price Performance

Shares of KEYS traded down $3.59 during midday trading on Friday, reaching $161.30. The stock had a trading volume of 722,820 shares, compared to its average volume of 721,737. The company's 50-day moving average is $164.31 and its 200 day moving average is $152.18. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $175.39. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth 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.