Principal Financial Group Inc. Has $34.53 Million Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Principal Financial Group Inc. decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214,963 shares of the scientific and technical instruments company’s stock after selling 24,757 shares during the quarter. Principal Financial Group Inc.’s holdings in Keysight Technologies were worth $34,530,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its position in shares of Keysight Technologies by 2.5% during the 3rd quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock worth $1,248,773,000 after purchasing an additional 194,294 shares during the last quarter. Swedbank AB increased its position in shares of Keysight Technologies by 7.1% during the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after purchasing an additional 292,372 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Keysight Technologies by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after purchasing an additional 323,235 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Keysight Technologies by 27.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,001,358 shares of the scientific and technical instruments company’s stock worth $158,692,000 after acquiring an additional 216,564 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Keysight Technologies by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 986,921 shares of the scientific and technical instruments company’s stock worth $156,851,000 after acquiring an additional 26,421 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KEYS. Morgan Stanley lifted their target price on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their target price on Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their target price on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Barclays lifted their target price on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upgraded Keysight Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $182.22.

Keysight Technologies Stock Performance

KEYS opened at $175.33 on Friday. The business has a fifty day simple moving average of $169.77 and a 200 day simple moving average of $159.71. The company has a market capitalization of $30.32 billion, a PE ratio of 50.10, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year 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.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $171.79, for a total value of $60,126.50. Following the completion of the transaction, the vice president now directly owns 4,820 shares of the company’s stock, valued at $828,027.80. The trade was a 6.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satish Dhanasekaran sold 17,822 shares of Keysight Technologies stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the transaction, the chief executive officer now directly owns 116,582 shares of the company’s stock, valued at $19,779,302.12. This represents a 13.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,063 shares of company stock worth $5,573,941 in the last ninety days. 0.61% of the stock is owned by company insiders.

Keysight Technologies 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.