Community Trust & Investment Co. Cuts Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Community Trust & Investment Co. decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,660 shares of the scientific and technical instruments company’s stock after selling 480 shares during the period. Community Trust & Investment Co.’s holdings in Keysight Technologies were worth $12,430,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. raised its stake in shares of Keysight Technologies by 2.1% during the third quarter. Hillsdale Investment Management Inc. now owns 3,675 shares of the scientific and technical instruments company’s stock valued at $579,000 after acquiring an additional 75 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Keysight Technologies by 10.9% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 118,677 shares of the scientific and technical instruments company’s stock valued at $18,675,000 after purchasing an additional 11,640 shares during the period. Creative Planning lifted its position in Keysight Technologies by 8.6% during the third quarter. Creative Planning now owns 31,492 shares of the scientific and technical instruments company’s stock valued at $4,956,000 after purchasing an additional 2,507 shares during the period. Alta Advisers Ltd acquired a new position in Keysight Technologies during the third quarter valued at $110,000. Finally, Balasa Dinverno & Foltz LLC acquired a new position in Keysight Technologies during the third quarter valued at $266,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE KEYS traded down $0.23 during midday trading on Friday, hitting $155.16. The company had a trading volume of 2,392,089 shares, compared to its average volume of 1,233,794. The company has a quick ratio of 2.45, a current ratio of 3.07 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.07. The business has a 50-day simple moving average of $172.75 and a two-hundred day simple moving average of $170.24. Keysight Technologies, Inc. has a twelve month low of $127.93 and a twelve month high of $189.45.

Keysight Technologies (NYSE:KEYS – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The scientific and technical instruments company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Keysight Technologies had a net margin of 20.81% and a return on equity of 32.50%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. Equities research analysts anticipate that Keysight Technologies, Inc. will post 7.3 earnings per share for the current year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, insider Ronald S. Nersesian sold 18,069 shares of Keysight Technologies stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $170.00, for a total transaction of $3,071,730.00. Following the transaction, the insider now directly owns 275,209 shares of the company’s stock, valued at $46,785,530. The sale was disclosed in a filing with the SEC, which is available at this link. 0.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KEYS shares. Morgan Stanley boosted their target price on shares of Keysight Technologies from $170.00 to $184.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 13th. StockNews.com assumed coverage on shares of Keysight Technologies in a research note on Thursday. They set a “buy” rating for the company. UBS Group dropped their price objective on shares of Keysight Technologies from $205.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. The Goldman Sachs Group cut shares of Keysight Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $196.00 to $189.00 in a research note on Tuesday, January 10th. Finally, Barclays raised shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $175.00 to $202.00 in a research note on Tuesday, January 10th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $197.75.

About Keysight Technologies

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.