Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 53.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,364 shares of the scientific and technical instruments company’s stock after selling 1,576 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Keysight Technologies were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ancora Advisors LLC acquired a new position in Keysight Technologies in the third quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new stake in Keysight Technologies in the third quarter valued at approximately $26,000. Quarry LP purchased a new stake in Keysight Technologies in the second quarter valued at approximately $27,000. VitalStone Financial LLC purchased a new stake in Keysight Technologies in the first quarter valued at approximately $35,000. Finally, Fred Alger Management LLC purchased a new stake in Keysight Technologies in the fourth quarter valued at approximately $41,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KEYS. JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $184.00 to $170.00 in a research note on Thursday, February 15th. Citigroup upped their price target on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Barclays upped their price target on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $160.63.

Keysight Technologies Stock Down 2.0 %

Keysight Technologies stock opened at $146.89 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. The firm has a market capitalization of $25.64 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 6.79 and a beta of 1.05. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The stock’s fifty day moving average is $154.05 and its two-hundred day moving average is $146.00.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. Keysight Technologies’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 earnings per share. Analysts predict that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

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.