Elo Mutual Pension Insurance Co Sells 1,047 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Elo Mutual Pension Insurance Co decreased its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,947 shares of the scientific and technical instruments company’s stock after selling 1,047 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Keysight Technologies were worth $2,044,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC bought a new position in Keysight Technologies in the first quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at approximately $27,000. Family Firm Inc. bought a new position in shares of Keysight Technologies in the second quarter valued at $30,000. Larson Financial Group LLC acquired a new position in Keysight Technologies during the first quarter worth $31,000. Finally, GPS Wealth Strategies Group LLC raised its position in Keysight Technologies by 262.9% during the second 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 in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $155.38 on Friday. The firm has a market cap of $27.12 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 5.03 and a beta of 0.97. The business’s 50 day moving average is $141.62 and its 200-day moving average is $144.93. 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, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51.

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

Insider Buying and Selling

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KEYS shares. Susquehanna decreased their price objective 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. Bank of America lifted 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. Vertical Research began coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from 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.