Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Mengis Capital Management Inc.

Mengis Capital Management Inc. lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,992 shares of the scientific and technical instruments company’s stock after selling 100 shares during the quarter. Mengis Capital Management Inc.’s holdings in Keysight Technologies were worth $2,569,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Keysight Technologies in the third quarter worth approximately $28,000. Erste Asset Management GmbH acquired a new position in Keysight Technologies in the third quarter worth approximately $29,000. Goodman Advisory Group LLC acquired a new position in Keysight Technologies in the third quarter worth approximately $35,000. Groupama Asset Managment grew its position in Keysight Technologies by 76.6% in the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 9,437 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in 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 worth $43,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction, the chief executive officer now owns 116,582 shares in the company, valued at approximately $19,779,302.12. The trade was a 13.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mark Adam Wallace sold 6,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $161.79, for a total transaction of $970,740.00. Following the transaction, the senior vice president now owns 85,829 shares in the company, valued at approximately $13,886,273.91. The trade was a 6.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,713 shares of company stock worth $5,513,815 in the last quarter. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Stock Down 1.3 %

Keysight Technologies stock opened at $173.19 on Tuesday. The company has a market capitalization of $29.95 billion, a P/E ratio of 49.48, a P/E/G ratio of 2.41 and a beta of 1.02. The firm’s fifty day simple moving average is $169.82 and its 200-day simple moving average is $160.60. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $186.20.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of recent analyst reports. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. raised shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $170.00 to $200.00 in a research note on Monday, December 16th. Morgan Stanley raised their price objective on shares of 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 raised their price objective on shares of Keysight Technologies from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Bank of America lifted their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, November 20th. One equities 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.22.

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.