Corebridge Financial Inc. Sells 6,131 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Corebridge Financial Inc. cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 41,097 shares of the scientific and technical instruments company’s stock after selling 6,131 shares during the quarter. Corebridge Financial Inc.’s holdings in Keysight Technologies were worth $6,601,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KEYS. Congress Wealth Management LLC DE grew its stake in shares of Keysight Technologies by 6.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 3,043 shares of the scientific and technical instruments company’s stock valued at $489,000 after buying an additional 173 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Keysight Technologies by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 20,873,635 shares of the scientific and technical instruments company’s stock valued at $3,352,932,000 after acquiring an additional 55,223 shares during the period. LPL Financial LLC grew its position in shares of Keysight Technologies by 10.3% in the 4th quarter. LPL Financial LLC now owns 50,596 shares of the scientific and technical instruments company’s stock valued at $8,127,000 after acquiring an additional 4,704 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Keysight Technologies during the 4th quarter worth about $1,000,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Keysight Technologies in the 4th quarter valued at about $9,060,000. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Stock Down 3.1 %

KEYS stock opened at $150.40 on Friday. The business’s fifty day moving average price is $166.07 and its two-hundred day moving average price is $162.27. The stock has a market capitalization of $25.99 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.98 and a quick ratio of 2.27.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Mark Adam Wallace sold 6,000 shares of the firm’s stock in a transaction 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 in the company, valued at $13,886,273.91. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of research analyst reports. StockNews.com cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Robert W. Baird boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Wells Fargo & Company raised their price target on Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $170.00 to $200.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.44.

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.