Ensign Peak Advisors Inc Reduces Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Ensign Peak Advisors Inc lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 3.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,352 shares of the scientific and technical instruments company’s stock after selling 4,420 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.06% of Keysight Technologies worth $15,364,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in shares of Keysight Technologies in the 1st quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $27,000. Larson Financial Group LLC bought a new stake in Keysight Technologies during the first quarter valued at $31,000. Family Firm Inc. acquired a new position in Keysight Technologies in the second quarter valued at approximately $30,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Keysight Technologies by 262.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $151.55 on Tuesday. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $162.51. The company has a market capitalization of $26.45 billion, a P/E ratio of 33.02, a P/E/G ratio of 5.03 and a beta of 0.97. The stock has a 50 day moving average of $141.95 and a two-hundred day moving average of $144.69. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. Keysight Technologies’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business earned $2.04 earnings per share. As a group, equities analysts expect that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. 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 target price for the company. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their target price 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. Susquehanna lowered 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 note on Wednesday, August 21st. Finally, Robert W. Baird cut their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Activity at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction that occurred on 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 directly owns 42,160 shares in the company, valued at approximately $6,576,960. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

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.