Sanctuary Advisors LLC Has $1.88 Million Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Sanctuary Advisors LLC lowered its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 29.9% in the third quarter, HoldingsChannel reports. The fund owned 11,052 shares of the scientific and technical instruments company’s stock after selling 4,714 shares during the period. Sanctuary Advisors LLC’s holdings in Keysight Technologies were worth $1,882,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies in the second quarter valued at about $27,000. Truvestments Capital LLC bought a new position in Keysight Technologies in the third quarter valued at approximately $28,000. Erste Asset Management GmbH acquired a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $29,000. Family Firm Inc. bought a new stake in shares of Keysight Technologies during the 2nd quarter worth approximately $30,000. Finally, American National Bank & Trust bought a new stake in shares of Keysight Technologies during the 3rd quarter worth approximately $31,000. 84.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KEYS has been the topic of a number of recent analyst reports. Bank of America boosted their target price on shares of Keysight Technologies from $150.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Keysight Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $170.00 to $200.00 in a research note on Monday. Robert W. Baird raised 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. Barclays boosted their price target on Keysight Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, StockNews.com cut Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $180.80.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $160.21 on Thursday. The stock has a 50 day simple moving average of $161.83 and a 200 day simple moving average of $148.97. The stock has a market cap of $27.80 billion, a P/E ratio of 45.77, a PEG ratio of 2.15 and a beta of 1.00. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $175.39. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35.

Insiders Place Their Bets

In related news, CEO Satish Dhanasekaran sold 17,822 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $169.66, for a total value of $3,023,680.52. Following the completion of the sale, the chief executive officer now directly owns 116,582 shares in the company, valued at approximately $19,779,302.12. The trade was a 13.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Lisa M. Poole sold 350 shares of the firm’s 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 transaction, the vice president now owns 4,820 shares in the company, valued at approximately $828,027.80. This trade represents a 6.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,063 shares of company stock worth $4,603,201 in the last 90 days. Company insiders own 0.60% of the company’s stock.

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.