Sumitomo Mitsui Trust Group Inc. Has $65.05 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Mitsui Trust Group Inc. cut its stake in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 404,969 shares of the scientific and technical instruments company's stock after selling 25,271 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Keysight Technologies worth $65,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KEYS. Geode Capital Management LLC lifted its holdings in shares of Keysight Technologies by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company's stock valued at $697,411,000 after purchasing an additional 323,235 shares during the last quarter. Swedbank AB lifted its stake in Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company's stock valued at $702,671,000 after buying an additional 292,372 shares during the last quarter. Fort Pitt Capital Group LLC lifted its stake in Keysight Technologies by 59.1% in the third quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company's stock valued at $109,138,000 after buying an additional 254,985 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Keysight Technologies by 27.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company's stock valued at $158,692,000 after buying an additional 216,564 shares during the last quarter. Finally, State Street Corp raised its position in Keysight Technologies by 2.5% in the 3rd quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company's stock valued at $1,248,773,000 after purchasing an additional 194,294 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on KEYS shares. Bank of America upped their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, November 20th. Susquehanna reaffirmed a "positive" rating and issued a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. Barclays upped 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 raised Keysight Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Keysight Technologies from $175.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $180.80.

Insider Transactions at Keysight Technologies

In related news, SVP Mark Adam Wallace sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $161.79, for a total value of $970,740.00. Following the completion of the transaction, the senior vice president now directly owns 85,829 shares of the company's stock, valued at $13,886,273.91. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Satish Dhanasekaran sold 17,822 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 116,582 shares of the company's stock, valued at $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. 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 ninety days. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Price Performance

KEYS stock traded up $1.68 on Thursday, reaching $179.42. 632,108 shares of the company's stock were exchanged, compared to its average volume of 876,304. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $180.26. 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 fifty day moving average of $167.95 and a 200-day moving average of $157.46. The firm has a market cap 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 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.