Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Peloton Wealth Strategists

Peloton Wealth Strategists lessened its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 5.1% in the 2nd quarter, Holdings Channel reports. The firm owned 4,645 shares of the scientific and technical instruments company’s stock after selling 250 shares during the period. Peloton Wealth Strategists’ holdings in Keysight Technologies were worth $635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB acquired a new position in shares of Keysight Technologies in the first quarter worth $621,993,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 in the last quarter. Capital World Investors acquired a new position in shares of Keysight Technologies in the first quarter worth $250,097,000. Jennison Associates LLC grew its stake in shares of 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 in the last quarter. Finally, Boston Partners acquired a new position in shares of Keysight Technologies in the first quarter worth $175,979,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE:KEYS opened at $158.74 on Friday. The company has a 50-day simple moving average of $142.96 and a 200-day simple moving average of $144.89. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The stock has a market capitalization of $27.71 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 5.11 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.04 earnings per share. On average, analysts predict that Keysight Technologies, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated 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 transaction, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird dropped their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. Bank of America boosted their target price 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. Finally, Vertical Research began coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.67.

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.