Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 17.3% in the second quarter, HoldingsChannel reports. The firm owned 2,078 shares of the scientific and technical instruments company’s stock after selling 435 shares during the quarter. Anchor Investment Management LLC’s holdings in Keysight Technologies were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KEYS. Cambridge Investment Research Advisors Inc. raised its position in Keysight Technologies by 2.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,953 shares of the scientific and technical instruments company’s stock valued at $1,265,000 after acquiring an additional 209 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Keysight Technologies by 0.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 125,958 shares of the scientific and technical instruments company’s stock valued at $20,039,000 after acquiring an additional 1,052 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Keysight Technologies during the fourth quarter valued at approximately $217,000. Royal London Asset Management Ltd. raised its position in Keysight Technologies by 1.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 69,567 shares of the scientific and technical instruments company’s stock valued at $11,067,000 after acquiring an additional 1,202 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Keysight Technologies by 2.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,019,742 shares of the scientific and technical instruments company’s stock valued at $162,231,000 after acquiring an additional 26,336 shares in the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KEYS shares. 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 target for the company. Bank of America boosted their price objective on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Robert W. Baird cut their price objective on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Susquehanna cut their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.67.

Keysight Technologies Stock Up 1.2 %

Shares of KEYS opened at $156.38 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $162.51. The stock has a market capitalization of $27.29 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 5.11 and a beta of 0.97. The stock has a 50 day moving average price of $144.77 and a 200 day moving average price of $145.07.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS 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 firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the business earned $2.04 earnings per share. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. Equities research analysts forecast that Keysight Technologies, Inc. will post 5.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.