Keysight Technologies, Inc. (NYSE:KEYS) Position Cut by Cumberland Partners Ltd

Cumberland Partners Ltd decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,825 shares of the scientific and technical instruments company’s stock after selling 3,070 shares during the quarter. Cumberland Partners Ltd’s holdings in Keysight Technologies were worth $3,949,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. HB Wealth Management LLC raised its holdings in Keysight Technologies by 27.9% during the third quarter. HB Wealth Management LLC now owns 2,689 shares of the scientific and technical instruments company’s stock worth $356,000 after purchasing an additional 586 shares in the last quarter. Mcrae Capital Management Inc. boosted its stake in Keysight Technologies by 2.0% during the third quarter. Mcrae Capital Management Inc. now owns 84,510 shares of the scientific and technical instruments company’s stock valued at $11,182,000 after buying an additional 1,670 shares in the last quarter. Willis Investment Counsel grew its holdings in Keysight Technologies by 32.9% during the third quarter. Willis Investment Counsel now owns 40,482 shares of the scientific and technical instruments company’s stock worth $5,356,000 after acquiring an additional 10,024 shares during the period. Czech National Bank raised its position in Keysight Technologies by 47.8% in the third quarter. Czech National Bank now owns 31,175 shares of the scientific and technical instruments company’s stock worth $4,125,000 after acquiring an additional 10,087 shares in the last quarter. Finally, Marshall Financial Group LLC lifted its holdings in Keysight Technologies by 2.3% in the 3rd quarter. Marshall Financial Group LLC now owns 4,897 shares of the scientific and technical instruments company’s stock valued at $648,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Up 1.4 %

Shares of KEYS traded up $2.05 during mid-day trading on Tuesday, reaching $146.79. The company’s stock had a trading volume of 1,405,927 shares, compared to its average volume of 1,235,751. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 6.57 and a beta of 1.05. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $172.72. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $153.43 and a 200 day moving average of $146.42.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 EPS. As a group, analysts forecast that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KEYS. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. Barclays upped their price target on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Finally, Citigroup increased their price objective on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies currently has an average rating of “Hold” and an average price target of $160.63.

Insider Buying and Selling at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

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.