Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,001 shares of the scientific and technical instruments company’s stock after selling 5,250 shares during the quarter. Confluence Investment Management LLC owned approximately 0.20% of Keysight Technologies worth $54,293,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KEYS. Meeder Asset Management Inc. acquired a new position in Keysight Technologies in the 2nd quarter valued at about $27,000. Truvestments Capital LLC purchased a new stake in shares of Keysight Technologies during the third quarter worth about $28,000. Erste Asset Management GmbH acquired a new position in shares of Keysight Technologies in the third quarter valued at approximately $29,000. American National Bank & Trust purchased a new position in shares of Keysight Technologies during the third quarter valued at approximately $31,000. Finally, Goodman Advisory Group LLC acquired a new stake in Keysight Technologies during the third quarter worth approximately $35,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $171.79, for a total transaction of $60,126.50. Following the sale, the vice president now owns 4,820 shares in the company, valued at $828,027.80. This trade represents a 6.77 % decrease in their ownership of the stock. 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 company’s stock in a transaction on Monday, December 2nd. The shares were 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 of the company’s stock, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,063 shares of company stock worth $5,573,941 over the last ninety days. 0.60% of the stock is owned by company insiders.

Keysight Technologies Trading Down 0.0 %

Shares of NYSE:KEYS traded down $0.03 during trading on Thursday, reaching $160.60. 84,381 shares of the stock were exchanged, compared to its average volume of 1,202,335. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $175.39. The firm’s 50-day moving average price is $162.84 and its 200 day moving average price is $150.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The firm has a market cap of $27.81 billion, a price-to-earnings ratio of 45.89, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00.

Analysts Set New Price Targets

Several research analysts have weighed in on KEYS shares. StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 27th. JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $170.00 to $200.00 in a research note on Monday, December 16th. Bank of America raised their price target on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. Morgan Stanley upped their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Susquehanna reiterated a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $180.80.

About Keysight Technologies

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.