Vestcor Inc Sells 2,437 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Vestcor Inc reduced its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 26.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,645 shares of the scientific and technical instruments company’s stock after selling 2,437 shares during the period. Vestcor Inc’s holdings in Keysight Technologies were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KEYS. State Street Corp lifted its position in Keysight Technologies by 2.5% during the third 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 purchasing an additional 194,294 shares during the period. Swedbank AB grew its position 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 last quarter. Van ECK Associates Corp increased its holdings in shares of Keysight Technologies by 6.1% during the second quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company’s stock worth $188,540,000 after buying an additional 79,774 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Keysight Technologies by 14.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,122,309 shares of the scientific and technical instruments company’s stock worth $153,470,000 after acquiring an additional 141,062 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in Keysight Technologies by 1.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,081,169 shares of the scientific and technical instruments company’s stock worth $171,830,000 after purchasing an additional 10,579 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Transactions at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the transaction, the chief executive officer now directly owns 116,582 shares of the company’s stock, valued at approximately $19,779,302.12. The trade was a 13.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey K. Li sold 4,412 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the sale, the senior vice president now owns 30,637 shares of the company’s stock, valued at $5,267,113.04. This trade represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,063 shares of company stock worth $4,603,201 in the last 90 days. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KEYS shares. JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Robert W. Baird raised their target price on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Barclays boosted their price objective on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Susquehanna reiterated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted 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 analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.30.

Keysight Technologies Trading Up 0.4 %

Shares of KEYS stock opened at $168.35 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The company has a market capitalization of $29.22 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 2.20 and a beta of 1.00. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $175.39. The company has a 50-day simple moving average of $161.12 and a two-hundred day simple moving average of $148.29.

Keysight Technologies Company 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.