Intech Investment Management LLC Sells 2,721 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Intech Investment Management LLC cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 11.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,538 shares of the scientific and technical instruments company’s stock after selling 2,721 shares during the quarter. Intech Investment Management LLC’s holdings in Keysight Technologies were worth $2,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of KEYS. Swedbank AB raised its position in Keysight Technologies by 3.8% during 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 last quarter. Jennison Associates LLC lifted its stake in Keysight Technologies by 53.2% in the first 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 period. Price T Rowe Associates Inc. MD lifted 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 worth $494,299,000 after acquiring an additional 2,462,543 shares during the period. AMF Tjanstepension AB boosted 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 valued at $264,665,000 after acquiring an additional 828,913 shares in the last quarter. Finally, Capital World Investors purchased a new position in Keysight Technologies during the 1st quarter valued at $250,097,000. 84.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now directly 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 is accessible through this link. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

KEYS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lifted 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. Susquehanna reduced their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company restated an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. Robert W. Baird dropped their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, 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 objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $167.67.

Keysight Technologies Trading Down 1.9 %

NYSE:KEYS opened at $152.42 on Monday. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $162.51. The stock has a market cap of $26.60 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 5.03 and a beta of 0.97. The company’s 50 day moving average price is $141.83 and its 200-day moving average price is $144.73. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion for 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 revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm posted $2.04 earnings per share. On average, equities research analysts forecast that Keysight Technologies, Inc. will post 5.35 earnings per share for the current fiscal year.

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.