Assetmark Inc. Sells 33,190 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Assetmark Inc. decreased its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 97.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 946 shares of the scientific and technical instruments company’s stock after selling 33,190 shares during the period. Assetmark Inc.’s holdings in Keysight Technologies were worth $150,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Keysight Technologies during the 2nd quarter valued at about $27,000. Family Firm Inc. purchased a new position in Keysight Technologies during the 2nd quarter valued at about $30,000. American National Bank & Trust purchased a new position in Keysight Technologies during the 3rd quarter valued at about $31,000. GPS Wealth Strategies Group LLC lifted its position in Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 184 shares during the period. Finally, Versant Capital Management Inc lifted its position in Keysight Technologies by 842.4% during the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock valued at $43,000 after acquiring an additional 278 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $149.37 on Monday. The company has a 50 day moving average price of $155.17 and a 200-day moving average price of $145.91. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $166.28. The firm has a market capitalization of $25.92 billion, a PE ratio of 28.73, a P/E/G ratio of 4.36 and a beta of 0.98. 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 announced its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $2.04 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, equities research analysts expect that Keysight Technologies, Inc. will post 5.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KEYS. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Robert W. Baird lowered their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Barclays raised shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $158.00 to $180.00 in a research report on Monday, November 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Bank of America lifted 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $170.89.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

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.