Merit Financial Group LLC Has $549,000 Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Merit Financial Group LLC lessened its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 92.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,419 shares of the scientific and technical instruments company’s stock after selling 43,394 shares during the quarter. Merit Financial Group LLC’s holdings in Keysight Technologies were worth $549,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. RMR Wealth Builders grew its stake in Keysight Technologies by 2.8% during the fourth quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock worth $417,000 after purchasing an additional 70 shares during the period. Cromwell Holdings LLC boosted its holdings in shares of Keysight Technologies by 15.9% during the 3rd quarter. Cromwell Holdings LLC now owns 548 shares of the scientific and technical instruments company’s stock worth $87,000 after buying an additional 75 shares in the last quarter. Allworth Financial LP grew its position in shares of Keysight Technologies by 3.9% during the 3rd quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company’s stock worth $317,000 after buying an additional 75 shares during the period. Wedmont Private Capital increased its stake in shares of Keysight Technologies by 3.8% in the 4th quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company’s stock valued at $392,000 after acquiring an additional 88 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in shares of Keysight Technologies by 3.4% during the 3rd quarter. Brookstone Capital Management now owns 2,935 shares of the scientific and technical instruments company’s stock valued at $466,000 after acquiring an additional 97 shares during the period. Institutional investors own 84.58% of the company’s stock.

Insider Activity

In other news, SVP Kailash Narayanan sold 595 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $171.30, for a total transaction of $101,923.50. Following the completion of the sale, the senior vice president now directly owns 35,912 shares of the company’s stock, valued at $6,151,725.60. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction 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 sale, the vice president now owns 4,820 shares in the company, valued at $828,027.80. The trade was a 6.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,063 shares of company stock worth $5,573,941 over the last quarter. Insiders own 0.60% of the company’s stock.

Keysight Technologies Trading Up 0.2 %

NYSE KEYS opened at $173.01 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $165.27 and a 200 day simple moving average of $153.89. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $175.39. The firm has a market capitalization of $29.96 billion, a P/E ratio of 49.43, a PEG ratio of 2.16 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Bank of America boosted their target price on Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research report on Wednesday, November 20th. Morgan Stanley increased their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $170.00 to $200.00 in a research report on Monday, December 16th. Finally, Susquehanna reiterated a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.80.

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.