APG Asset Management N.V. Lowers Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

APG Asset Management N.V. cut its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 30.7% during the second quarter, HoldingsChannel.com reports. The fund owned 272,980 shares of the scientific and technical instruments company’s stock after selling 121,051 shares during the quarter. APG Asset Management N.V.’s holdings in Keysight Technologies were worth $34,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KEYS. Rise Advisors LLC purchased a new position in Keysight Technologies during the 1st quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in shares of Keysight Technologies during the second quarter valued at $27,000. Family Firm Inc. bought a new stake in shares of Keysight Technologies in the second quarter valued at about $30,000. Larson Financial Group LLC purchased a new stake in Keysight Technologies in the first quarter worth about $31,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares during the period. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Up 0.1 %

Keysight Technologies stock opened at $158.74 on Friday. Keysight Technologies, Inc. has a 1-year low of $118.57 and a 1-year high of $162.51. The business has a fifty day moving average price of $142.96 and a 200-day moving average price of $144.89. 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 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 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. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $2.04 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. Equities research analysts forecast that Keysight Technologies, Inc. will post 5.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America boosted their price target 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. Vertical Research assumed coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price objective on the stock. Robert W. Baird lowered their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. increased their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and an average target price 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 completion of the transaction, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by insiders.

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.