Findlay Park Partners LLP Decreases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Findlay Park Partners LLP reduced its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 939,507 shares of the scientific and technical instruments company’s stock after selling 220,930 shares during the quarter. Keysight Technologies accounts for 1.7% of Findlay Park Partners LLP’s portfolio, making the stock its 26th biggest holding. Findlay Park Partners LLP’s holdings in Keysight Technologies were worth $160,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lmcg Investments LLC increased its position in Keysight Technologies by 1.0% in the fourth quarter. Lmcg Investments LLC now owns 38,137 shares of the scientific and technical instruments company’s stock worth $6,524,000 after buying an additional 382 shares in the last quarter. Moors & Cabot Inc. increased its position in Keysight Technologies by 2.6% in the fourth quarter. Moors & Cabot Inc. now owns 7,648 shares of the scientific and technical instruments company’s stock worth $1,579,000 after buying an additional 196 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Keysight Technologies by 20.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,344 shares of the scientific and technical instruments company’s stock worth $2,453,000 after buying an additional 2,422 shares in the last quarter. Cumberland Partners Ltd increased its position in Keysight Technologies by 1,230.1% in the fourth quarter. Cumberland Partners Ltd now owns 27,800 shares of the scientific and technical instruments company’s stock worth $4,756,000 after buying an additional 25,710 shares in the last quarter. Finally, Brinker Capital Investments LLC grew its position in shares of Keysight Technologies by 2.9% during the fourth quarter. Brinker Capital Investments LLC now owns 24,018 shares of the scientific and technical instruments company’s stock worth $4,109,000 after purchasing an additional 687 shares in the last quarter. 81.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kevin A. Stephens acquired 420 shares of Keysight Technologies stock in a transaction on Friday, May 19th. The shares were bought at an average cost of $157.45 per share, for a total transaction of $66,129.00. Following the acquisition, the director now directly owns 5,589 shares of the company’s stock, valued at approximately $879,988.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KEYS shares. Morgan Stanley cut their target price on Keysight Technologies from $184.00 to $180.00 in a research report on Monday, April 24th. StockNews.com assumed coverage on Keysight Technologies in a research report on Thursday, May 18th. They set a “buy” rating for the company. Susquehanna reissued a “positive” rating and set a $208.00 price target on shares of Keysight Technologies in a research note on Thursday, March 9th. JPMorgan Chase & Co. dropped their price target on Keysight Technologies from $218.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Keysight Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and an average price target of $195.75.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $157.49 on Wednesday. Keysight Technologies, Inc. has a 52-week low of $130.07 and a 52-week high of $189.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.68 and a current ratio of 3.35. The firm has a market capitalization of $28.06 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.63 and a beta of 1.08. The stock has a 50 day moving average price of $151.89 and a 200 day moving average price of $166.00.

Keysight Technologies (NYSE:KEYS – Get Rating) last issued its quarterly earnings results on Tuesday, May 16th. The scientific and technical instruments company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.17. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Keysight Technologies had a return on equity of 31.75% and a net margin of 21.11%. Keysight Technologies’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.68 EPS. As a group, sell-side analysts predict that Keysight Technologies, Inc. will post 7.26 earnings per share for the current year.

Keysight Technologies Company Profile

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.