Oppenheimer & Co. Inc. Cuts Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Oppenheimer & Co. Inc. trimmed its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,897 shares of the scientific and technical instruments company’s stock after selling 3,975 shares during the period. Oppenheimer & Co. Inc.’s holdings in Keysight Technologies were worth $6,409,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Truvestments Capital LLC acquired a new position in shares of Keysight Technologies during the 3rd quarter worth about $28,000. Erste Asset Management GmbH purchased a new stake in Keysight Technologies during the 3rd quarter worth approximately $29,000. Goodman Advisory Group LLC purchased a new stake in Keysight Technologies during the 3rd quarter worth approximately $35,000. Groupama Asset Managment raised its holdings in shares of Keysight Technologies by 76.6% during the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 9,437 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $158.38 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. The company has a market capitalization of $27.38 billion, a PE ratio of 45.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The firm’s 50-day moving average is $169.91 and its two-hundred day moving average is $160.93. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

Insider Transactions at Keysight Technologies

In other news, SVP Jeffrey K. Li sold 4,412 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $171.92, for a total transaction of $758,511.04. Following the completion of the transaction, the senior vice president now directly owns 30,637 shares in the company, valued at approximately $5,267,113.04. This represents a 12.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 17,822 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 116,582 shares of the company’s stock, valued at $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,118 shares of company stock worth $5,411,891 in the last 90 days. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays upped their target price on shares of Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Morgan Stanley boosted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.44.

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.