Mizuho Securities USA LLC Lowers Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Mizuho Securities USA LLC trimmed its position in Keysight Technologies Inc. (NYSE:KEYS) by 15.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,845 shares of the scientific and technical instruments company’s stock after selling 2,603 shares during the quarter. Mizuho Securities USA LLC’s holdings in Keysight Technologies were worth $2,074,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Keysight Technologies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 20,969,511 shares of the scientific and technical instruments company’s stock worth $3,140,604,000 after purchasing an additional 95,876 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Keysight Technologies by 29.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company’s stock worth $2,588,546,000 after purchasing an additional 3,621,349 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Keysight Technologies by 364.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company’s stock worth $747,301,000 after purchasing an additional 3,650,953 shares during the last quarter. Capital World Investors increased its position in Keysight Technologies by 15.6% during the 4th quarter. Capital World Investors now owns 3,790,432 shares of the scientific and technical instruments company’s stock valued at $608,857,000 after buying an additional 511,724 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Keysight Technologies by 9.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,593,611 shares of the scientific and technical instruments company’s stock valued at $416,612,000 after buying an additional 214,015 shares in the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Keysight Technologies

In other news, CFO Neil Dougherty sold 12,215 shares of the company’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the sale, the chief financial officer owned 115,228 shares in the company, valued at $18,966,528.80. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ingrid A. Estrada sold 10,000 shares of the company’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the sale, the senior vice president owned 108,590 shares in the company, valued at $17,262,552.30. The trade was a 8.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,830 shares of company stock valued at $5,124,049. 0.61% of the stock is owned by insiders.

Keysight Technologies Stock Down 2.0%

Shares of KEYS stock opened at $161.64 on Tuesday. The stock’s 50-day simple moving average is $162.75 and its 200-day simple moving average is $158.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The firm has a market capitalization of $27.82 billion, a PE ratio of 37.94, a P/E/G ratio of 2.33 and a beta of 1.11. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $186.20.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data 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. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 earnings per share. Equities analysts expect that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KEYS shares. Bank of America raised Keysight Technologies from an “underperform” rating to a “neutral” rating and upped their target price for the company from $170.00 to $175.00 in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on Keysight Technologies from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Morgan Stanley upped their target price on Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.50.

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.