JPMorgan Chase & Co. Sells 170,655 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

JPMorgan Chase & Co. lowered its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,751,023 shares of the scientific and technical instruments company’s stock after selling 170,655 shares during the quarter. JPMorgan Chase & Co. owned 1.01% of Keysight Technologies worth $278,290,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Keysight Technologies by 2.7% during the third quarter. Principal Financial Group Inc. now owns 239,720 shares of the scientific and technical instruments company’s stock valued at $38,099,000 after purchasing an additional 6,241 shares in the last quarter. Tidal Investments LLC boosted its stake in Keysight Technologies by 8.0% in the 3rd quarter. Tidal Investments LLC now owns 8,649 shares of the scientific and technical instruments company’s stock valued at $1,375,000 after buying an additional 642 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Keysight Technologies in the third quarter valued at $120,000. Geode Capital Management LLC raised its stake 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 acquiring an additional 323,235 shares in the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in Keysight Technologies during the third quarter worth $35,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $162.91 on Monday. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 46.55, a P/E/G ratio of 2.12 and a beta of 1.00. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $175.39. 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 business’s 50-day simple moving average is $162.52 and its 200 day simple moving average is $150.36.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Barclays upped their price objective on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Bank of America lifted their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, November 20th. StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.80.

Insider Activity

In other news, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction on Monday, December 2nd. The stock was 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 owns 116,582 shares of the company’s stock, valued at $19,779,302.12. This represents a 13.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffrey K. Li sold 4,412 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total value of $758,511.04. Following the completion of the transaction, the senior vice president now owns 30,637 shares in the company, valued at $5,267,113.04. This represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,063 shares of company stock valued at $4,603,201. 0.60% of the stock is currently owned by insiders.

Keysight Technologies 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.