Lord Abbett & CO. LLC Sells 1,472 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Lord Abbett & CO. LLC cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 1.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,118 shares of the scientific and technical instruments company’s stock after selling 1,472 shares during the quarter. Lord Abbett & CO. LLC owned 0.08% of Keysight Technologies worth $22,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Keysight Technologies during the 2nd quarter worth approximately $27,000. Truvestments Capital LLC bought a new position in Keysight Technologies in the third quarter valued at $28,000. Erste Asset Management GmbH acquired a new stake in Keysight Technologies in the 3rd quarter valued at $29,000. Family Firm Inc. bought a new stake in Keysight Technologies during the 2nd quarter worth about $30,000. Finally, American National Bank & Trust acquired a new position in shares of Keysight Technologies during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KEYS shares. Morgan Stanley upped their target price on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Susquehanna reiterated a “positive” rating and set a $185.00 price objective on shares of Keysight Technologies in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. StockNews.com lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Finally, Bank of America lifted their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the company an “underperform” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.30.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $166.50 on Monday. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $175.39. The company has a market capitalization of $28.89 billion, a price-to-earnings ratio of 47.57, a PEG ratio of 2.15 and a beta of 1.00. The company has a 50-day simple moving average of $161.32 and a 200 day simple moving average of $148.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Insider Activity

In other news, SVP Jeffrey K. Li sold 4,412 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $171.92, for a total value of $758,511.04. Following the completion of the sale, the senior vice president now owns 30,637 shares of the company’s stock, valued at approximately $5,267,113.04. The trade was a 12.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lisa M. Poole sold 350 shares of Keysight Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $171.79, for a total transaction of $60,126.50. Following the completion of the sale, the vice president now owns 4,820 shares of the company’s stock, valued at $828,027.80. This trade represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,063 shares of company stock valued at $4,603,201. 0.60% of the stock is owned by 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.