Sentry Investment Management LLC Reduces Position in Keysight Technologies, Inc. (NYSE:KEYS)

Sentry Investment Management LLC cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 672 shares of the scientific and technical instruments company’s stock after selling 109 shares during the period. Sentry Investment Management LLC’s holdings in Keysight Technologies were worth $108,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Caprock Group LLC boosted its stake in shares of Keysight Technologies by 2.2% during the 4th quarter. Caprock Group LLC now owns 3,127 shares of the scientific and technical instruments company’s stock worth $502,000 after purchasing an additional 66 shares during the period. OLD National Bancorp IN lifted its holdings in Keysight Technologies by 3.3% during the 4th quarter. OLD National Bancorp IN now owns 2,118 shares of the scientific and technical instruments company’s stock valued at $340,000 after buying an additional 68 shares in the last quarter. RMR Wealth Builders lifted its holdings in Keysight Technologies by 2.8% during the 4th quarter. RMR Wealth Builders now owns 2,593 shares of the scientific and technical instruments company’s stock valued at $417,000 after buying an additional 70 shares in the last quarter. Allworth Financial LP lifted its holdings in Keysight Technologies by 3.9% during the 3rd quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company’s stock valued at $317,000 after buying an additional 75 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Keysight Technologies by 3.8% in the 4th quarter. Wedmont Private Capital now owns 2,432 shares of the scientific and technical instruments company’s stock valued at $392,000 after purchasing an additional 88 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Trading Down 6.8 %

NYSE KEYS opened at $160.49 on Thursday. The firm has a 50 day simple moving average of $169.94 and a 200-day simple moving average of $160.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98. Keysight Technologies, Inc. has a one year low of $119.72 and a one year high of $186.20. The firm has a market cap of $27.75 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 2.41 and a beta of 1.02.

Insider Activity at Keysight Technologies

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 116,582 shares of the company’s stock, valued at $19,779,302.12. This trade represents a 13.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey K. Li sold 4,412 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $171.92, for a total transaction of $758,511.04. Following the completion of the sale, the senior vice president now directly owns 30,637 shares in the company, valued at approximately $5,267,113.04. This trade represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,118 shares of company stock valued at $5,411,891 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KEYS. Barclays boosted their price target on shares of Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Bank of America boosted their price objective on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted 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, Robert W. Baird boosted their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $183.33.

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.