Primecap Management Co. CA Decreases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Primecap Management Co. CA reduced its position in Keysight Technologies, Inc. (NYSE:KEYS) by 1.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 745,125 shares of the scientific and technical instruments company’s stock after selling 12,350 shares during the period. Primecap Management Co. CA’s holdings in Keysight Technologies were worth $101,896,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lmcg Investments LLC raised its position in Keysight Technologies by 14.3% during the second quarter. Lmcg Investments LLC now owns 42,975 shares of the scientific and technical instruments company’s stock valued at $5,877,000 after purchasing an additional 5,389 shares during the period. Dimensional Fund Advisors LP raised its position in Keysight Technologies by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,122,309 shares of the scientific and technical instruments company’s stock valued at $153,470,000 after purchasing an additional 141,062 shares during the period. Lyell Wealth Management LP raised its position in Keysight Technologies by 4.7% during the second quarter. Lyell Wealth Management LP now owns 4,029 shares of the scientific and technical instruments company’s stock valued at $551,000 after purchasing an additional 180 shares during the period. Inspire Advisors LLC purchased a new stake in Keysight Technologies during the second quarter valued at approximately $433,000. Finally, Oppenheimer Asset Management Inc. raised its position in Keysight Technologies by 11.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,771 shares of the scientific and technical instruments company’s stock valued at $1,610,000 after purchasing an additional 1,172 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the firm’s 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 completion of the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies Trading Up 0.7 %

KEYS opened at $150.49 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The business’s 50 day moving average price is $140.77 and its 200 day moving average price is $144.87. 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 $26.27 billion, a PE ratio of 32.79, a P/E/G ratio of 5.03 and a beta of 0.97.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. Keysight Technologies’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.04 earnings per share. As a group, equities research analysts expect that Keysight Technologies, Inc. will post 5.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America increased their price target on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Vertical Research started 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. Robert W. Baird lowered their price target 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. Finally, Susquehanna decreased their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.67.

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.