TD Asset Management Inc Trims Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

TD Asset Management Inc cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 396,913 shares of the scientific and technical instruments company’s stock after selling 79,960 shares during the quarter. TD Asset Management Inc owned approximately 0.23% of Keysight Technologies worth $54,278,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of Keysight Technologies by 5.7% during the fourth quarter. Private Advisor Group LLC now owns 5,992 shares of the scientific and technical instruments company’s stock valued at $953,000 after purchasing an additional 323 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $337,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Keysight Technologies by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 932,402 shares of the scientific and technical instruments company’s stock valued at $148,336,000 after purchasing an additional 22,501 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $144,000. Finally, Van Hulzen Asset Management LLC bought a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $203,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KEYS. Bank of America increased their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. Robert W. Baird dropped their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Barclays raised their target price on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Susquehanna lowered their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.40.

Insider Buying and Selling

In related news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Lisa M. Poole sold 440 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the transaction, the vice president now owns 3,913 shares of the company’s stock, valued at $533,928.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Keysight Technologies Trading Down 2.7 %

NYSE:KEYS opened at $143.11 on Friday. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The firm has a fifty day simple moving average of $139.33 and a 200-day simple moving average of $145.08. 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 company has a market capitalization of $24.98 billion, a P/E ratio of 31.18, a PEG ratio of 5.23 and a beta of 0.95.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that Keysight Technologies, Inc. will post 5.35 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.