DAVENPORT & Co LLC Has $5.50 Million Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

DAVENPORT & Co LLC lessened its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,159 shares of the scientific and technical instruments company’s stock after selling 3,387 shares during the period. DAVENPORT & Co LLC’s holdings in Keysight Technologies were worth $5,496,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Keysight Technologies by 7.9% during the 3rd 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 acquiring an additional 323,235 shares in the last quarter. Swedbank AB boosted its position in shares of Keysight Technologies by 7.1% during the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after acquiring an additional 292,372 shares in the last quarter. Fort Pitt Capital Group LLC boosted its position in shares of Keysight Technologies by 59.1% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 686,704 shares of the scientific and technical instruments company’s stock worth $109,138,000 after acquiring an additional 254,985 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Keysight Technologies by 27.6% during the 3rd 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 acquiring an additional 216,564 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Keysight Technologies by 2.5% during the 3rd quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock worth $1,248,773,000 after acquiring an additional 194,294 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Activity

In related news, SVP Mark Adam Wallace sold 6,000 shares of Keysight Technologies stock in a transaction on Monday, December 30th. The shares were 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 owns 85,829 shares of the company’s stock, valued at $13,886,273.91. This trade represents 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 the SEC website. Also, SVP Jeffrey K. Li sold 4,412 shares of Keysight Technologies 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 directly owns 30,637 shares of the company’s stock, valued at $5,267,113.04. This represents a 12.59 % decrease in their position. 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. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley increased their price target 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. Barclays increased their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird increased their price objective on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Susquehanna reissued a “positive” rating and issued a $185.00 price objective on shares of Keysight Technologies in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $180.80.

Keysight Technologies Price Performance

KEYS stock opened at $176.49 on Tuesday. The company has a fifty day moving average price of $167.11 and a 200-day moving average price of $155.68. The company has a market capitalization of $30.52 billion, a P/E ratio of 50.42, a PEG ratio of 2.26 and a beta of 1.02. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $180.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

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.