Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,015 shares of the scientific and technical instruments company’s stock after selling 103 shares during the period. Truist Financial Corp’s holdings in Keysight Technologies were worth $4,139,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in Keysight Technologies in the third quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new position in Keysight Technologies during the 3rd quarter worth approximately $26,000. Venturi Wealth Management LLC raised its stake in shares of Keysight Technologies by 145.9% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 159 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Keysight Technologies in the 3rd quarter valued at approximately $44,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Keysight Technologies by 31.5% in the third quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after buying an additional 82 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

NYSE KEYS opened at $150.53 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The business has a fifty day moving average of $152.56 and a 200-day moving average of $147.70. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 6.76 and a beta of 1.06.

Keysight Technologies (NYSE:KEYS) last announced 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. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $1.72 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, analysts predict that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Keysight Technologies 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 transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KEYS shares. JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. Citigroup boosted their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Barclays increased their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies presently has a consensus rating of “Hold” and a consensus price target of $160.63.

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.