Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Versor Investments LP

Versor Investments LP reduced its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 71.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,902 shares of the scientific and technical instruments company’s stock after selling 7,350 shares during the quarter. Versor Investments LP’s holdings in Keysight Technologies were worth $461,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. raised its stake in Keysight Technologies by 93.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,631 shares of the scientific and technical instruments company’s stock valued at $411,000 after acquiring an additional 1,274 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Keysight Technologies by 23.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,283 shares of the scientific and technical instruments company’s stock valued at $33,510,000 after buying an additional 41,131 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Keysight Technologies by 7.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 138,780 shares of the scientific and technical instruments company’s stock worth $21,702,000 after buying an additional 9,710 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Keysight Technologies by 49.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 2,752 shares of the scientific and technical instruments company’s stock valued at $430,000 after acquiring an additional 916 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Keysight Technologies during the first quarter valued at approximately $249,000. 84.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KEYS. Barclays raised shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $158.00 to $180.00 in a research note on Monday, November 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Robert W. Baird decreased their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. upped 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, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $170.89.

Keysight Technologies Stock Down 2.3 %

Shares of KEYS opened at $153.66 on Friday. The stock has a market capitalization of $26.67 billion, a PE ratio of 29.55, a P/E/G ratio of 4.77 and a beta of 0.98. 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 firm’s 50 day moving average is $155.05 and its 200-day moving average is $145.93. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $166.28.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same period last year, the company earned $2.04 earnings per share. Equities research analysts forecast that Keysight Technologies, Inc. will post 5.43 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.