Marshall Wace LLP Sells 69,680 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Marshall Wace LLP trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 44.1% in the second quarter, Holdings Channel.com reports. The firm owned 88,320 shares of the scientific and technical instruments company’s stock after selling 69,680 shares during the quarter. Marshall Wace LLP’s holdings in Keysight Technologies were worth $12,078,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Swedbank AB raised its stake in shares of Keysight Technologies by 3.8% in the 2nd quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock valued at $564,626,000 after purchasing an additional 151,446 shares during the period. Jennison Associates LLC boosted its position in Keysight Technologies by 53.2% during the 1st quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock worth $596,059,000 after acquiring an additional 1,323,775 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Keysight Technologies by 352.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after acquiring an additional 2,462,543 shares during the last quarter. AMF Tjanstepension AB grew its stake in shares of Keysight Technologies by 96.0% during the 1st quarter. AMF Tjanstepension AB now owns 1,692,446 shares of the scientific and technical instruments company’s stock worth $264,665,000 after acquiring an additional 828,913 shares in the last quarter. Finally, Capital World Investors acquired a new position in Keysight Technologies during the first quarter worth $250,097,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KEYS. Bank of America increased their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Vertical Research started coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Robert W. Baird dropped their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $167.67.

Keysight Technologies Price Performance

NYSE:KEYS opened at $158.70 on Friday. The firm’s fifty day moving average price is $142.96 and its two-hundred day moving average price is $144.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The company has a market cap of $27.70 billion, a P/E ratio of 34.58, a P/E/G ratio of 5.11 and a beta of 0.97. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51.

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 the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $2.04 EPS. Equities analysts expect that Keysight Technologies, Inc. will post 5.38 earnings per share for the current year.

About Keysight Technologies

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.