Point72 Asia Singapore Pte. Ltd. Sells 186 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Point72 Asia Singapore Pte. Ltd. trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 20.5% in the second quarter, HoldingsChannel reports. The firm owned 721 shares of the scientific and technical instruments company’s stock after selling 186 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Keysight Technologies were worth $99,000 as of its most recent SEC filing.

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

Keysight Technologies Price Performance

Shares of Keysight Technologies stock opened at $156.38 on Friday. The firm has a market cap of $27.29 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 5.11 and a beta of 0.97. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $162.51. 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 company’s fifty day simple moving average is $144.77 and its two-hundred day simple moving average is $145.07.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The business 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 company’s revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 EPS. As a group, equities analysts expect that Keysight Technologies, Inc. will post 5.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Robert W. Baird reduced 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. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Vertical Research began coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Susquehanna cut their price objective on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were 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 of the company’s stock, valued at $6,576,960. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

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.