Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. trimmed its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,705 shares of the scientific and technical instruments company’s stock after selling 3,687 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Keysight Technologies were worth $1,559,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of 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 in the last quarter. Swedbank AB lifted its stake in shares of Keysight Technologies by 7.1% in the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Keysight Technologies by 1.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,081,169 shares of the scientific and technical instruments company’s stock valued at $171,830,000 after purchasing an additional 10,579 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Keysight Technologies by 27.6% in the 3rd 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 purchasing an additional 216,564 shares in the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the business’s 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. The trade was a 13.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffrey K. Li sold 4,412 shares of the business’s 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 of the company’s stock, valued at $5,267,113.04. This represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,063 shares of company stock worth $5,573,941. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KEYS. Susquehanna reiterated a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays raised their target price on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $170.00 to $200.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.80.

Keysight Technologies Price Performance

KEYS stock opened at $177.32 on Tuesday. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $180.26. The stock’s 50 day moving average is $167.73 and its two-hundred day moving average is $157.05. The company has a market capitalization of $30.66 billion, a PE ratio of 50.66, 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.