abrdn plc Trims Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

abrdn plc reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,214 shares of the scientific and technical instruments company’s stock after selling 23,231 shares during the period. abrdn plc owned approximately 0.15% of Keysight Technologies worth $42,164,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $28,000. Erste Asset Management GmbH purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $29,000. Goodman Advisory Group LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $35,000. Groupama Asset Managment grew its position in shares of Keysight Technologies by 76.6% during the 3rd quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 9,437 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at $57,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Kailash Narayanan sold 595 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $171.30, for a total value of $101,923.50. Following the transaction, the senior vice president now owns 35,912 shares in the company, valued at approximately $6,151,725.60. The trade was a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $169.66, for a total transaction of $3,023,680.52. Following the completion of the transaction, the chief executive officer now owns 116,582 shares in the company, valued at $19,779,302.12. The trade was a 13.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,063 shares of company stock valued at $5,573,941 over the last three months. Insiders own 0.61% of the company’s stock.

Keysight Technologies Stock Performance

Keysight Technologies stock opened at $177.44 on Thursday. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $30.68 billion, a PE ratio of 50.70, a P/E/G ratio of 2.26 and a beta of 1.02. The firm has a fifty day simple moving average of $167.37 and a two-hundred day simple moving average of $156.10. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $180.26.

Analyst Ratings Changes

KEYS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $170.00 to $200.00 in a research report on Monday, December 16th. Morgan Stanley lifted their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Susquehanna reaffirmed a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a report on Wednesday, November 20th. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and an average price target of $180.80.

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.