Sequoia Financial Advisors LLC Sells 5,599 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Sequoia Financial Advisors LLC reduced its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 18.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,434 shares of the scientific and technical instruments company’s stock after selling 5,599 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Keysight Technologies were worth $4,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KEYS. OLD National Bancorp IN boosted its holdings in Keysight Technologies by 16.5% in the third quarter. OLD National Bancorp IN now owns 2,050 shares of the scientific and technical instruments company’s stock worth $326,000 after purchasing an additional 291 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its holdings in shares of Keysight Technologies by 13.5% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 1,922 shares of the scientific and technical instruments company’s stock valued at $305,000 after buying an additional 229 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Keysight Technologies by 5.0% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 13,338 shares of the scientific and technical instruments company’s stock worth $2,120,000 after buying an additional 638 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Keysight Technologies in the third quarter worth $207,000. Finally, Stratos Wealth Advisors LLC increased its position in Keysight Technologies by 4.0% during the third quarter. Stratos Wealth Advisors LLC now owns 3,708 shares of the scientific and technical instruments company’s stock valued at $589,000 after acquiring an additional 144 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $153.35 on Thursday. The company has a market capitalization of $26.77 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 5.28 and a beta of 0.97. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $152.41 and its 200-day simple moving average is $145.28. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $162.51.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 EPS. As a group, analysts expect that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on KEYS. Bank of America raised their target price on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company restated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Robert W. Baird decreased their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. raised their target price on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.67.

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.