Mackenzie Financial Corp Lowers Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Mackenzie Financial Corp lowered its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 22.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,817,509 shares of the scientific and technical instruments company’s stock after selling 514,872 shares during the period. Mackenzie Financial Corp’s holdings in Keysight Technologies were worth $248,544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KEYS. Swedbank AB boosted its stake in shares of Keysight Technologies by 3.8% in the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after acquiring an additional 151,446 shares during the period. Jennison Associates LLC boosted its stake in Keysight Technologies by 53.2% in 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 purchasing an additional 1,323,775 shares during the period. Price T Rowe Associates Inc. MD grew its holdings 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 valued at $494,299,000 after buying an additional 2,462,543 shares in the last quarter. AMF Tjanstepension AB raised its position in shares of Keysight Technologies by 96.0% during 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 buying an additional 828,913 shares during the last quarter. Finally, Capital World Investors purchased a new position in shares of Keysight Technologies in the first quarter worth $250,097,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

Keysight Technologies stock opened at $158.65 on Friday. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The company’s 50-day moving average is $142.53 and its 200 day moving average is $144.84. The firm has a market capitalization of $27.69 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 5.11 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results 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. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 earnings per share. Research analysts forecast that Keysight Technologies, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KEYS shares. Susquehanna cut their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday, August 21st. Vertical Research assumed 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. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. lifted their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Finally, Bank of America raised their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. One 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’s stock. According to data from MarketBeat.com, Keysight Technologies currently has an average 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.