Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 10.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 480,396 shares of the scientific and technical instruments company’s stock after selling 54,631 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.27% of Keysight Technologies worth $76,426,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KEYS. Ancora Advisors LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter worth $25,000. OFI Invest Asset Management purchased a new position in shares of Keysight Technologies during the 3rd quarter worth $26,000. Quarry LP purchased a new position in shares of Keysight Technologies during the 2nd quarter worth $27,000. VitalStone Financial LLC purchased a new position in shares of Keysight Technologies during the 1st quarter worth $35,000. Finally, Fred Alger Management LLC purchased a new stake in Keysight Technologies in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup boosted their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Barclays boosted their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered shares of 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 report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $160.63.

Insider Transactions at Keysight Technologies

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

Keysight Technologies Stock Performance

NYSE KEYS opened at $149.93 on Thursday. The company has a market cap of $26.17 billion, a P/E ratio of 27.51, a P/E/G ratio of 6.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The stock has a 50-day moving average of $154.33 and a two-hundred day moving average of $145.99. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $172.72.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the company posted $1.72 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, analysts anticipate that Keysight Technologies, Inc. will post 5.4 EPS for the current 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.