Rockland Trust Co. Lowers Position in Keysight Technologies, Inc. (NYSE:KEYS)

Rockland Trust Co. decreased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 10.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,502 shares of the scientific and technical instruments company’s stock after selling 175 shares during the period. Rockland Trust Co.’s holdings in Keysight Technologies were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Swedbank AB boosted its stake in Keysight Technologies by 3.8% in the 2nd quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after purchasing an additional 151,446 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Keysight Technologies by 53.2% during the first quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock valued at $596,059,000 after buying an additional 1,323,775 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Keysight Technologies by 352.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after acquiring an additional 2,462,543 shares during the period. AMF Tjanstepension AB raised its stake in Keysight Technologies by 96.0% in the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after acquiring an additional 828,913 shares during the last quarter. Finally, Capital World Investors acquired a new stake in Keysight Technologies during the 1st quarter worth about $250,097,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Keysight Technologies Price Performance

Shares of NYSE:KEYS traded up $1.81 during midday trading on Friday, reaching $156.38. 667,589 shares of the company’s stock traded hands, compared to its average volume of 1,199,895. The company has a fifty day simple moving average of $144.77 and a two-hundred day simple moving average of $145.07. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $162.51. The company has a market cap of $27.29 billion, a P/E ratio of 34.07, a PEG ratio of 5.11 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05.

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

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction that occurred 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 can be accessed through this link. Insiders own 0.60% of the company’s stock.

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.