Mirae Asset Global Investments Co. Ltd. Sells 5,933 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 28.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,710 shares of the scientific and technical instruments company’s stock after selling 5,933 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Keysight Technologies were worth $2,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KEYS. Wealth Enhancement Advisory Services LLC grew its stake in shares of Keysight Technologies by 19.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,241 shares of the scientific and technical instruments company’s stock worth $1,601,000 after acquiring an additional 1,644 shares during the last quarter. Norden Group LLC increased its holdings in shares of Keysight Technologies by 2,625.6% during the 1st quarter. Norden Group LLC now owns 44,455 shares of the scientific and technical instruments company’s stock worth $6,952,000 after purchasing an additional 42,824 shares during the period. Advisor Resource Council acquired a new position in shares of Keysight Technologies during the first quarter valued at about $244,000. First Trust Direct Indexing L.P. lifted its stake in shares of Keysight Technologies by 6.5% in the first quarter. First Trust Direct Indexing L.P. now owns 4,234 shares of the scientific and technical instruments company’s stock valued at $662,000 after buying an additional 260 shares during the period. Finally, Marshall Financial Group LLC lifted its stake in shares of Keysight Technologies by 10.4% in the first quarter. Marshall Financial Group LLC now owns 5,816 shares of the scientific and technical instruments company’s stock valued at $910,000 after buying an additional 549 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America upped their price target on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Robert W. Baird cut their target price 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. JPMorgan Chase & Co. lifted their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Susquehanna decreased their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and an average price target of $167.67.

Insiders Place Their Bets

In other news, Director Richard P. Hamada sold 1,632 shares of the 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 sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $151.98 on Thursday. The stock has a market capitalization of $26.53 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 5.19 and a beta of 0.97. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Keysight Technologies, Inc. has a 1 year low of $119.32 and a 1 year high of $162.51. The firm has a 50 day moving average of $153.93 and a 200-day moving average of $145.11.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $2.04 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Keysight Technologies, Inc. will post 5.43 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.