Sumitomo Mitsui DS Asset Management Company Ltd Sells 13,401 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,999 shares of the scientific and technical instruments company’s stock after selling 13,401 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Keysight Technologies were worth $7,636,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Bradley Foster & Sargent Inc. CT increased its position in Keysight Technologies by 0.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 13,421 shares of the scientific and technical instruments company’s stock worth $2,296,000 after purchasing an additional 57 shares during the last quarter. Snowden Capital Advisors LLC increased its position in Keysight Technologies by 2.9% during the second quarter. Snowden Capital Advisors LLC now owns 2,524 shares of the scientific and technical instruments company’s stock valued at $423,000 after acquiring an additional 71 shares during the last quarter. Putnam Investments LLC increased its position in Keysight Technologies by 0.4% during the first quarter. Putnam Investments LLC now owns 19,634 shares of the scientific and technical instruments company’s stock valued at $3,170,000 after acquiring an additional 74 shares during the last quarter. Trust Investment Advisors increased its position in Keysight Technologies by 1.8% during the fourth quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock valued at $664,000 after acquiring an additional 75 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in Keysight Technologies by 31.5% during 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 acquiring an additional 82 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Wall Street Analyst Weigh In

KEYS has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the company 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 company a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays upped their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies presently has a consensus rating of “Hold” and an average price target of $160.63.

Insider Buying and Selling

In related news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Keysight Technologies Trading Down 1.2 %

NYSE KEYS opened at $145.12 on Monday. The company’s 50-day moving average price is $153.72 and its 200-day moving average price is $146.31. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a market cap of $25.33 billion, a PE ratio of 26.63, a PEG ratio of 6.57 and a beta of 1.05. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts forecast that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Keysight Technologies Company 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.