Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 10,424 shares of the scientific and technical instruments company’s stock after selling 280 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Keysight Technologies were worth $1,674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KEYS. Truvestments Capital LLC bought a new stake in shares of Keysight Technologies during the 3rd quarter valued at about $28,000. Erste Asset Management GmbH acquired a new position in Keysight Technologies in the third quarter valued at approximately $29,000. American National Bank & Trust bought a new position in shares of Keysight Technologies during the third quarter valued at approximately $31,000. Goodman Advisory Group LLC acquired a new stake in shares of Keysight Technologies during the 3rd quarter worth approximately $35,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Keysight Technologies by 79.4% in the 4th quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 158 shares during the last quarter. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Up 0.2 %

Shares of KEYS stock opened at $168.33 on Thursday. 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 stock has a market cap of $29.15 billion, a PE ratio of 48.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.02. The business’s fifty day moving average is $166.84 and its 200-day moving average is $154.99. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $175.39.

Insider Buying and Selling

In other Keysight Technologies news, SVP Jeffrey K. Li sold 4,412 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was 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 approximately $5,267,113.04. This represents a 12.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. This represents a 6.53 % 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 over the last three months. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

KEYS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Bank of America upped their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 20th. Susquehanna reiterated a “positive” rating and issued a $185.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird lifted their price target on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $180.80.

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.