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

Envestnet Asset Management Inc. lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 375,131 shares of the scientific and technical instruments company’s stock after selling 15,115 shares during the period. Envestnet Asset Management Inc. owned 0.21% of Keysight Technologies worth $51,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KEYS. Avantax Advisory Services Inc. purchased a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $216,000. Financial Advocates Investment Management purchased a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $279,000. Brown Advisory Inc. lifted its stake in shares of Keysight Technologies by 19.8% during the fourth quarter. Brown Advisory Inc. now owns 47,971 shares of the scientific and technical instruments company’s stock valued at $7,632,000 after buying an additional 7,945 shares during the period. Norges Bank purchased a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $303,444,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $688,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction 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 transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $150.23 on Thursday. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $162.51. The firm has a fifty day moving average of $141.31 and a 200-day moving average of $144.86. The firm has a market capitalization of $26.22 billion, a P/E ratio of 32.73, a PEG ratio of 5.03 and a beta of 0.97. 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 quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion during 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 business’s revenue was down 11.9% on a year-over-year basis. During the same period last year, the business earned $2.04 EPS. As a group, analysts predict that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KEYS shares. Robert W. Baird reduced 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. Susquehanna dropped their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Vertical Research started coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

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.