US Bancorp DE Sells 794 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

US Bancorp DE decreased its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,524 shares of the scientific and technical instruments company’s stock after selling 794 shares during the period. US Bancorp DE’s holdings in Keysight Technologies were worth $8,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp grew its position 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 acquiring an additional 194,294 shares during the period. Swedbank AB lifted its stake in 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 during the last quarter. Geode Capital Management LLC grew its holdings in Keysight Technologies by 7.9% during the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after purchasing an additional 323,235 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Keysight Technologies by 27.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock worth $158,692,000 after purchasing an additional 216,564 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Keysight Technologies by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 986,921 shares of the scientific and technical instruments company’s stock worth $156,851,000 after buying an additional 26,421 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Trading Down 1.6 %

KEYS opened at $153.33 on Wednesday. The company has a market cap of $26.51 billion, a P/E ratio of 43.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The company has a fifty day moving average price of $169.70 and a two-hundred day moving average price of $161.81. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KEYS. Susquehanna reiterated a “positive” rating and set a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. Barclays lifted their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $170.00 to $200.00 in a report on Monday, December 16th. Bank of America raised their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley upped their price target 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. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.44.

Insider Activity

In related news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $161.79, for a total transaction of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares of the company’s stock, valued at $13,886,273.91. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

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.