BlackDiamond Wealth Management LLC Reduces Stake in Keysight Technologies, Inc. (NYSE:KEYS)

BlackDiamond Wealth Management LLC lowered its position in Keysight Technologies, Inc. (NYSE:KEYS) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,982 shares of the scientific and technical instruments company’s stock after selling 614 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Keysight Technologies were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Swedbank AB lifted its holdings in Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after acquiring an additional 292,372 shares during the period. Victory Capital Management Inc. lifted its holdings in Keysight Technologies by 2.3% in the third quarter. Victory Capital Management Inc. now owns 140,764 shares of the scientific and technical instruments company’s stock valued at $22,372,000 after acquiring an additional 3,174 shares during the period. Empowered Funds LLC lifted its holdings in Keysight Technologies by 12.1% in the third quarter. Empowered Funds LLC now owns 8,222 shares of the scientific and technical instruments company’s stock valued at $1,307,000 after acquiring an additional 885 shares during the period. Natixis Advisors LLC lifted its holdings in Keysight Technologies by 8.7% in the third quarter. Natixis Advisors LLC now owns 176,966 shares of the scientific and technical instruments company’s stock valued at $28,125,000 after acquiring an additional 14,185 shares during the period. Finally, Swiss National Bank lifted its holdings in Keysight Technologies by 0.3% in the third quarter. Swiss National Bank now owns 518,000 shares of the scientific and technical instruments company’s stock valued at $82,326,000 after acquiring an additional 1,300 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analyst Upgrades and Downgrades

KEYS has been the subject of several research analyst reports. Bank of America upped their target price on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. Wells Fargo & Company upped their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upped their target price on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. StockNews.com cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley boosted their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $184.44.

Keysight Technologies Stock Up 1.5 %

Shares of NYSE:KEYS opened at $154.29 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. The business has a fifty day moving average of $167.70 and a two-hundred day moving average of $162.05. The stock has a market cap of $26.66 billion, a P/E ratio of 44.08, a PEG ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $186.20.

Insider Buying and Selling at Keysight Technologies

In other news, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 85,829 shares in the company, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

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.