Nordea Investment Management AB Sells 575,590 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Nordea Investment Management AB trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 97.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,970 shares of the scientific and technical instruments company’s stock after selling 575,590 shares during the quarter. Nordea Investment Management AB’s holdings in Keysight Technologies were worth $2,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Keysight Technologies by 109.1% during the fourth quarter. GAMMA Investing LLC now owns 2,064 shares of the scientific and technical instruments company’s stock worth $332,000 after buying an additional 1,077 shares during the last quarter. Versant Capital Management Inc increased its stake in Keysight Technologies by 79.4% in the fourth quarter. Versant Capital Management Inc now owns 357 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 158 shares in the last quarter. Principal Financial Group Inc. increased its stake in Keysight Technologies by 2.7% in the third quarter. Principal Financial Group Inc. now owns 239,720 shares of the scientific and technical instruments company’s stock valued at $38,099,000 after purchasing an additional 6,241 shares in the last quarter. Tidal Investments LLC increased its stake in Keysight Technologies by 8.0% in the third quarter. Tidal Investments LLC now owns 8,649 shares of the scientific and technical instruments company’s stock valued at $1,375,000 after purchasing an additional 642 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Keysight Technologies in the third quarter valued at approximately $120,000. 84.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KEYS has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $170.00 to $200.00 in a research note on Monday, December 16th. StockNews.com downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Susquehanna reaffirmed a “positive” rating and issued a $185.00 target price on shares of Keysight Technologies in a research note on Wednesday, November 20th. Finally, Morgan Stanley upped their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.80.

Keysight Technologies Stock Performance

Shares of KEYS opened at $161.30 on Friday. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $175.39. The firm has a fifty day simple moving average of $164.31 and a 200 day simple moving average of $152.18. The stock has a market capitalization of $27.93 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 2.12 and a beta of 1.02. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

Insider Buying and Selling

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the stock in a transaction on 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 approximately $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Adam Wallace sold 6,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $161.79, for a total transaction of $970,740.00. Following the completion of the sale, the senior vice president now owns 85,829 shares of the company’s stock, valued at approximately $13,886,273.91. This represents a 6.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,063 shares of company stock worth $5,573,941. 0.60% of the stock is 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.