Keysight Technologies, Inc. (NYSE:KEYS) Position Trimmed by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 22.6% during the third quarter, Holdings Channel reports. The firm owned 132,513 shares of the scientific and technical instruments company’s stock after selling 38,724 shares during the quarter. Raymond James & Associates’ holdings in Keysight Technologies were worth $21,060,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of KEYS. Swedbank AB boosted its position in Keysight Technologies by 7.1% during the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares during the period. Jennison Associates LLC grew its position in shares of Keysight Technologies by 53.2% during the first quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock worth $596,059,000 after acquiring an additional 1,323,775 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Keysight Technologies by 352.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after acquiring an additional 2,462,543 shares during the period. Capital World Investors bought a new stake in Keysight Technologies in the 1st quarter valued at about $250,097,000. Finally, Van ECK Associates Corp boosted its stake in Keysight Technologies by 6.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company’s stock valued at $188,540,000 after purchasing an additional 79,774 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $155.98 on Friday. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $162.51. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The stock has a market cap of $27.07 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 5.19 and a beta of 0.97. The company’s 50-day moving average price is $153.25 and its two-hundred day moving average price is $145.32.

Keysight Technologies (NYSE:KEYS) last released its 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 business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.04 EPS. As a group, sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

KEYS has been the topic of several analyst reports. Susquehanna dropped their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Bank of America increased their price target on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Finally, Robert W. Baird reduced their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.67.

About Keysight Technologies

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.