Assenagon Asset Management S.A. Sells 217,997 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Assenagon Asset Management S.A. reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 90.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,784 shares of the scientific and technical instruments company’s stock after selling 217,997 shares during the period. Assenagon Asset Management S.A.’s holdings in Keysight Technologies were worth $3,499,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Blair William & Co. IL lifted its stake in Keysight Technologies by 1.3% in the second quarter. Blair William & Co. IL now owns 11,351 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after buying an additional 146 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Keysight Technologies by 33.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,127 shares of the scientific and technical instruments company’s stock valued at $975,000 after acquiring an additional 1,780 shares during the period. Profund Advisors LLC lifted its position in shares of Keysight Technologies by 6.7% during the 2nd quarter. Profund Advisors LLC now owns 3,531 shares of the scientific and technical instruments company’s stock valued at $483,000 after acquiring an additional 221 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in Keysight Technologies by 3.6% during the second quarter. Mount Yale Investment Advisors LLC now owns 5,923 shares of the scientific and technical instruments company’s stock worth $810,000 after acquiring an additional 204 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in Keysight Technologies in the second quarter worth $209,000. 84.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on KEYS. StockNews.com lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their price objective on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Barclays raised their target price on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $180.80.

Keysight Technologies Stock Up 3.4 %

Shares of NYSE KEYS opened at $171.24 on Wednesday. The business has a 50-day simple moving average of $164.96 and a two-hundred day simple moving average of $153.76. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $175.39. The company has a market cap of $29.65 billion, a P/E ratio of 48.93, a P/E/G ratio of 2.10 and a beta of 1.02. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Insider Activity

In other news, SVP Jeffrey K. Li sold 4,412 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $171.92, for a total value of $758,511.04. Following the transaction, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Adam Wallace sold 6,000 shares of the firm’s 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 sale, the senior vice president now owns 85,829 shares in the company, valued at approximately $13,886,273.91. This trade represents a 6.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,063 shares of company stock worth $5,573,941 in the last three months. Corporate insiders own 0.60% of the company’s stock.

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.