Rockland Trust Co. Trims Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Rockland Trust Co. lowered its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 10.4% in the third quarter, HoldingsChannel.com reports. The firm owned 1,502 shares of the scientific and technical instruments company’s stock after selling 175 shares during the period. Rockland Trust Co.’s holdings in Keysight Technologies were worth $239,000 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. Rise Advisors LLC purchased a new stake in shares of Keysight Technologies in the 1st quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies during the second quarter worth about $27,000. Family Firm Inc. acquired a new stake in shares of Keysight Technologies during the second quarter worth about $30,000. Larson Financial Group LLC acquired a new stake in shares of Keysight Technologies during the first quarter worth about $31,000. Finally, American National Bank & Trust purchased a new position in shares of Keysight Technologies in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KEYS. Bank of America increased their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Robert W. Baird decreased their price objective on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Vertical Research initiated 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 on the stock. One investment 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, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $167.67.

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 that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Up 1.2 %

KEYS traded up $1.81 on Friday, reaching $156.38. The company’s stock had a trading volume of 667,589 shares, compared to its average volume of 1,199,895. The company has a market capitalization of $27.29 billion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 5.11 and a beta of 0.97. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $162.51. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $144.77 and a two-hundred day moving average of $145.07.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $2.04 EPS. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, analysts forecast that Keysight Technologies, Inc. will post 5.38 EPS for the current fiscal year.

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.