Lord Abbett & CO. LLC Has $22.91 Million Position in Keysight Technologies, Inc. (NYSE:KEYS)

Lord Abbett & CO. LLC decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,118 shares of the scientific and technical instruments company’s stock after selling 1,472 shares during the period. Lord Abbett & CO. LLC’s holdings in Keysight Technologies were worth $22,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Keysight Technologies during the second quarter worth $27,000. Truvestments Capital LLC acquired a new position in shares of Keysight Technologies during the 3rd quarter worth $28,000. Erste Asset Management GmbH acquired a new position in shares of Keysight Technologies during the 3rd quarter worth $29,000. Family Firm Inc. bought a new stake in shares of Keysight Technologies during the 2nd quarter worth $30,000. Finally, American National Bank & Trust acquired a new position in Keysight Technologies during the third quarter worth about $31,000. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $166.50 on Monday. The stock has a market capitalization of $28.89 billion, a PE ratio of 47.57, a PEG ratio of 2.15 and a beta of 1.00. The business’s 50 day simple moving average is $161.32 and its 200 day simple moving average is $148.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $175.39.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KEYS shares. Bank of America raised their price target on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, November 20th. Morgan Stanley raised their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com cut Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Robert W. Baird boosted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Susquehanna reiterated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.30.

Insider Activity

In other Keysight Technologies news, SVP Jeffrey K. Li sold 4,412 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the transaction, the senior vice president now directly owns 30,637 shares in the company, valued at approximately $5,267,113.04. This represents a 12.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satish Dhanasekaran sold 17,822 shares of Keysight Technologies 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,063 shares of company stock valued at $4,603,201. 0.60% of the stock is currently owned by insiders.

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.