Diversified LLC Trims Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Diversified LLC lessened its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 2,181 shares of the scientific and technical instruments company’s stock after selling 189 shares during the quarter. Diversified LLC’s holdings in Keysight Technologies were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Ancora Advisors LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $25,000. OFI Invest Asset Management purchased a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $26,000. Venturi Wealth Management LLC grew its holdings in shares of Keysight Technologies by 145.9% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $43,000 after acquiring an additional 159 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Keysight Technologies during the 3rd quarter worth approximately $44,000. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of Keysight Technologies by 31.5% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock worth $45,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Transactions at Keysight Technologies

In other news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at approximately $4,457,369.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Keysight Technologies Stock Performance

Shares of NYSE KEYS traded down $0.31 during midday trading on Monday, hitting $144.81. 215,255 shares of the stock traded hands, compared to its average volume of 1,222,642. The firm has a 50-day moving average of $153.72 and a two-hundred day moving average of $146.31. The firm has a market capitalization of $25.28 billion, a P/E ratio of 26.63, a PEG ratio of 6.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $172.72.

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

Wall Street Analysts Forecast Growth

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

About Keysight Technologies

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.