Simmons Bank Decreases Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Simmons Bank reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 79.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,218 shares of the scientific and technical instruments company’s stock after selling 12,126 shares during the period. Simmons Bank’s holdings in Keysight Technologies were worth $512,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Jennison Associates LLC purchased a new stake in Keysight Technologies in the 4th quarter worth approximately $395,789,000. Van ECK Associates Corp boosted its holdings in Keysight Technologies by 105.5% in the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after acquiring an additional 1,223,694 shares in the last quarter. EP Wealth Advisors LLC increased its position in Keysight Technologies by 14,134.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 314,720 shares of the scientific and technical instruments company’s stock valued at $41,641,000 after purchasing an additional 312,509 shares during the period. Findlay Park Partners LLP raised its holdings in Keysight Technologies by 35.8% in the 3rd quarter. Findlay Park Partners LLP now owns 1,127,071 shares of the scientific and technical instruments company’s stock worth $149,123,000 after purchasing an additional 297,147 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Keysight Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock valued at $229,203,000 after acquiring an additional 247,250 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

KEYS has been the subject of several research reports. Barclays increased their target price on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. Finally, Citigroup lifted their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $160.63.

Keysight Technologies Stock Up 0.5 %

Keysight Technologies stock traded up $0.74 during trading hours on Wednesday, hitting $150.84. The stock had a trading volume of 872,045 shares, compared to its average volume of 1,193,235. The stock’s 50-day moving average price is $152.50 and its 200-day moving average price is $147.89. The stock has a market capitalization of $26.33 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 6.76 and a beta of 1.06. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72. 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 (NYSE:KEYS) last issued its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. Equities research analysts anticipate that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

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.