Keysight Technologies, Inc. (NYSE:KEYS) Holdings Lowered by Weybosset Research & Management LLC

Weybosset Research & Management LLC trimmed its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,650 shares of the scientific and technical instruments company’s stock after selling 494 shares during the quarter. Keysight Technologies makes up 5.5% of Weybosset Research & Management LLC’s portfolio, making the stock its 5th biggest holding. Weybosset Research & Management LLC’s holdings in Keysight Technologies were worth $15,673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sequoia Financial Advisors LLC grew its holdings in Keysight Technologies by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,694 shares of the scientific and technical instruments company’s stock valued at $4,448,000 after buying an additional 2,260 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Keysight Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,417,248 shares of the scientific and technical instruments company’s stock valued at $708,349,000 after acquiring an additional 17,213 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Keysight Technologies by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 55,379 shares of the scientific and technical instruments company’s stock valued at $8,896,000 after acquiring an additional 1,755 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Keysight Technologies by 26.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,567 shares of the scientific and technical instruments company’s stock worth $3,018,000 after purchasing an additional 3,857 shares in the last quarter. Finally, Portfolio Design Labs LLC increased its position in Keysight Technologies by 17.7% during the 4th quarter. Portfolio Design Labs LLC now owns 15,554 shares of the scientific and technical instruments company’s stock worth $2,498,000 after purchasing an additional 2,336 shares in the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,589 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the transaction, the director now owns 42,160 shares in the company, valued at $6,829,920. This represents a 3.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Neil Dougherty sold 3,632 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the sale, the chief financial officer now directly owns 115,063 shares of the company’s stock, valued at $17,834,765. This trade represents a 3.06% decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Bank of America upped their target price on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an “underperform” rating in a report on Thursday, May 22nd. Wells Fargo & Company boosted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Wall Street Zen lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Morgan Stanley lifted their target price on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price target on Keysight Technologies from $172.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.00.

Keysight Technologies Stock Performance

NYSE:KEYS opened at $157.04 on Monday. The company has a market cap of $27.14 billion, a P/E ratio of 44.87, a P/E/G ratio of 2.41 and a beta of 1.10. The firm’s 50 day moving average is $147.80 and its two-hundred day moving average is $159.66. Keysight Technologies, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts expect that Keysight Technologies, Inc. will post 6.32 EPS for the current year.

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.