Ameriprise Financial Inc. Sells 52,197 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Ameriprise Financial Inc. trimmed its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,463 shares of the scientific and technical instruments company’s stock after selling 52,197 shares during the period. Ameriprise Financial Inc. owned 0.14% of Keysight Technologies worth $38,144,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KEYS. Kovitz Investment Group Partners LLC raised its position in shares of Keysight Technologies by 364.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company’s stock worth $747,301,000 after acquiring an additional 3,650,953 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Keysight Technologies by 29.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company’s stock worth $2,588,546,000 after buying an additional 3,621,349 shares during the last quarter. Norges Bank purchased a new position in Keysight Technologies during the 4th quarter worth $320,707,000. Boston Partners grew its stake in Keysight Technologies by 21.7% during the 4th quarter. Boston Partners now owns 3,958,274 shares of the scientific and technical instruments company’s stock worth $637,125,000 after buying an additional 704,920 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in Keysight Technologies during the 4th quarter worth $88,166,000. 84.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Keysight Technologies from $200.00 to $172.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company boosted their target price on Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. 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 research note on Thursday, February 27th. Finally, StockNews.com downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. One research analyst has rated the stock with a sell rating and nine 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 $181.33.

Keysight Technologies Stock Up 5.5%

Keysight Technologies stock opened at $162.61 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. The business’s 50-day simple moving average is $145.54 and its two-hundred day simple moving average is $159.20. The company has a market cap of $28.10 billion, a PE ratio of 46.46, 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.

Insider Activity

In other news, CFO Neil Dougherty sold 3,632 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the completion of the transaction, the chief financial officer now owns 115,063 shares of the company’s stock, valued at $17,834,765. The trade was a 3.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

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.