Handelsbanken Fonder AB Sells 7,176 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Handelsbanken Fonder AB reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,361 shares of the scientific and technical instruments company’s stock after selling 7,176 shares during the period. Handelsbanken Fonder AB owned 0.06% of Keysight Technologies worth $15,478,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. lifted its position in shares of Keysight Technologies by 14.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,493 shares of the scientific and technical instruments company’s stock valued at $400,000 after buying an additional 320 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Keysight Technologies by 100.8% during the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 133 shares in the last quarter. Truist Financial Corp lifted its position in shares of Keysight Technologies by 8.7% during the 4th quarter. Truist Financial Corp now owns 17,451 shares of the scientific and technical instruments company’s stock valued at $2,803,000 after buying an additional 1,401 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Keysight Technologies by 60.6% during the 4th quarter. CIBC Asset Management Inc now owns 205,787 shares of the scientific and technical instruments company’s stock valued at $32,983,000 after buying an additional 77,631 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of Keysight Technologies by 13.4% during the 4th quarter. Sanctuary Advisors LLC now owns 12,529 shares of the scientific and technical instruments company’s stock valued at $2,137,000 after buying an additional 1,477 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KEYS has been the topic of a number of analyst reports. Susquehanna reaffirmed a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research report on Wednesday, November 20th. Bank of America boosted their price target on Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their price target on 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 boosted their price target on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $170.00 to $200.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.22.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $175.33 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The stock’s 50 day simple moving average is $169.77 and its two-hundred day simple moving average is $159.71. The company has a market cap of $30.32 billion, a price-to-earnings ratio of 50.10, a PEG ratio of 2.41 and a beta of 1.02.

Insiders Place Their Bets

In other news, SVP Mark Adam Wallace sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $161.79, for a total transaction of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $19,779,302.12. This represents a 13.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,063 shares of company stock valued at $5,573,941 in the last quarter. 0.61% of the stock is currently owned by insiders.

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.