Anchor Investment Management LLC Sells 435 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Anchor Investment Management LLC decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 17.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,078 shares of the scientific and technical instruments company’s stock after selling 435 shares during the period. Anchor Investment Management LLC’s holdings in Keysight Technologies were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its position in Keysight Technologies by 2.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,953 shares of the scientific and technical instruments company’s stock worth $1,265,000 after acquiring an additional 209 shares during the period. The Manufacturers Life Insurance Company raised its position in Keysight Technologies by 0.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 125,958 shares of the scientific and technical instruments company’s stock worth $20,039,000 after acquiring an additional 1,052 shares during the period. Belpointe Asset Management LLC bought a new position in Keysight Technologies in the fourth quarter worth approximately $217,000. Royal London Asset Management Ltd. raised its position in Keysight Technologies by 1.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 69,567 shares of the scientific and technical instruments company’s stock worth $11,067,000 after acquiring an additional 1,202 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Keysight Technologies by 2.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,019,742 shares of the scientific and technical instruments company’s stock worth $162,231,000 after acquiring an additional 26,336 shares during the period. Institutional investors own 84.58% of the company’s stock.

Insiders Place Their Bets

In other news, 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 owns 42,160 shares in the company, valued at approximately $6,576,960. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Up 1.2 %

Shares of KEYS opened at $156.38 on Friday. The company has a market cap of $27.29 billion, a PE ratio of 34.07, a P/E/G ratio of 5.11 and a beta of 0.97. The business has a fifty day moving average of $144.77 and a 200 day moving average of $145.07. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $162.51. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $2.04 earnings per share. The business’s revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts expect that Keysight Technologies, Inc. will post 5.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KEYS shares. Vertical Research began coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised their price target on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. Bank of America boosted their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and an average price target of $167.67.

Keysight Technologies 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.