Amalgamated Bank Lowers Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Amalgamated Bank trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,451 shares of the scientific and technical instruments company’s stock after selling 1,321 shares during the quarter. Amalgamated Bank’s holdings in Keysight Technologies were worth $4,848,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KEYS. Swedbank AB lifted its position in shares of Keysight Technologies by 3.8% during the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock valued at $564,626,000 after buying an additional 151,446 shares during the last quarter. Jennison Associates LLC lifted its position in 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 acquiring an additional 1,323,775 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Keysight Technologies by 352.6% in the first 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 in the last quarter. AMF Tjanstepension AB grew its holdings in Keysight Technologies by 96.0% in the first quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after purchasing an additional 828,913 shares during the last quarter. Finally, Capital World Investors acquired a new position in shares of Keysight Technologies during the first quarter worth $250,097,000. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $152.42 on Friday. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $162.51. The business’s 50 day moving average price is $141.83 and its 200 day moving average price is $144.82. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The firm has a market cap of $26.60 billion, a P/E ratio of 33.21, a P/E/G ratio of 5.03 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data 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. The firm 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 business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.04 earnings per share. On average, sell-side analysts expect that Keysight Technologies, Inc. will post 5.35 earnings per share for the current year.

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the sale, the director now owns 42,160 shares in the company, valued at $6,576,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

KEYS has been the subject of a number of recent analyst reports. Vertical Research started coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Bank of America raised their price target on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their price objective 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. Finally, Susquehanna dropped their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.