Keysight Technologies, Inc. (NYSE:KEYS) Holdings Cut by Intrust Bank NA

Intrust Bank NA reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,569 shares of the scientific and technical instruments company’s stock after selling 438 shares during the period. Intrust Bank NA’s holdings in Keysight Technologies were worth $568,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC grew its stake in Keysight Technologies by 145.9% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 159 shares in the last quarter. Everence Capital Management Inc. increased its holdings in Keysight Technologies by 161.6% in the fourth quarter. Everence Capital Management Inc. now owns 20,071 shares of the scientific and technical instruments company’s stock worth $3,193,000 after buying an additional 12,400 shares during the last quarter. Lazard Asset Management LLC raised its position in Keysight Technologies by 45.5% during the third quarter. Lazard Asset Management LLC now owns 282,601 shares of the scientific and technical instruments company’s stock valued at $37,390,000 after acquiring an additional 88,406 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Keysight Technologies by 5.7% during the third quarter. Coldstream Capital Management Inc. now owns 2,778 shares of the scientific and technical instruments company’s stock valued at $368,000 after acquiring an additional 151 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Keysight Technologies by 27.6% in the third quarter. Nordea Investment Management AB now owns 718,297 shares of the scientific and technical instruments company’s stock valued at $96,209,000 after acquiring an additional 155,226 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Trading Down 1.5 %

Keysight Technologies stock opened at $147.94 on Wednesday. The business’s 50-day simple moving average is $152.63 and its 200-day simple moving average is $147.13. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72. The firm has a market capitalization of $25.82 billion, a PE ratio of 27.15, a PEG ratio of 6.81 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 (NYSE:KEYS) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. Keysight Technologies’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.72 earnings per share. Equities research analysts forecast that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $184.00 to $170.00 in a report on Thursday, February 15th. Finally, Barclays increased their price objective on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock 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 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 transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

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.