Tran Capital Management L.P. Sells 425 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Tran Capital Management L.P. lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,958 shares of the scientific and technical instruments company’s stock after selling 425 shares during the quarter. Tran Capital Management L.P.’s holdings in Keysight Technologies were worth $1,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Keysight Technologies by 7.9% in the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock valued at $697,411,000 after buying an additional 323,235 shares during the period. Swedbank AB raised its position in shares of 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 acquiring an additional 292,372 shares during the period. Fort Pitt Capital Group LLC raised its position in shares of Keysight Technologies by 59.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock valued at $109,138,000 after acquiring an additional 254,985 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Keysight Technologies by 506.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 300,903 shares of the scientific and technical instruments company’s stock worth $41,148,000 after acquiring an additional 251,274 shares during the last quarter. Finally, 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 valued at $158,692,000 after purchasing an additional 216,564 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Insider Activity at Keysight Technologies

In other news, VP Lisa M. Poole sold 350 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $171.79, for a total value of $60,126.50. Following the completion of the sale, the vice president now owns 4,820 shares of the company’s stock, valued at approximately $828,027.80. This represents a 6.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffrey K. Li sold 4,412 shares of the business’s stock in a transaction 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 owns 30,637 shares in the company, valued at approximately $5,267,113.04. The trade was a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,063 shares of company stock valued at $5,573,941. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KEYS. Robert W. Baird lifted their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Barclays lifted their target price on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Bank of America increased their price target on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $170.00 to $200.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.80.

Keysight Technologies Price Performance

Shares of KEYS opened at $172.67 on Friday. The company has a 50 day moving average of $166.12 and a 200-day moving average of $154.39. 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 stock has a market capitalization of $29.90 billion, a P/E ratio of 49.33, a P/E/G ratio of 2.18 and a beta of 1.02. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $175.39.

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.