Keysight Technologies Inc. $KEYS Stake Lessened by Saturna Capital Corp

Saturna Capital Corp lessened its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 851,998 shares of the scientific and technical instruments company’s stock after selling 4,385 shares during the quarter. Keysight Technologies comprises about 1.9% of Saturna Capital Corp’s investment portfolio, making the stock its 18th biggest holding. Saturna Capital Corp’s holdings in Keysight Technologies were worth $139,608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in Keysight Technologies by 358.3% during the 2nd quarter. True Wealth Design LLC now owns 165 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 129 shares in the last quarter. Accent Capital Management LLC bought a new stake in shares of Keysight Technologies in the 1st quarter worth $28,000. NewSquare Capital LLC lifted its holdings in shares of Keysight Technologies by 155.2% in the second quarter. NewSquare Capital LLC now owns 171 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 104 shares during the period. Atlantic Union Bankshares Corp bought a new position in Keysight Technologies during the second quarter valued at about $34,000. Finally, Manchester Capital Management LLC boosted its stake in Keysight Technologies by 85.0% during the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 108 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Keysight Technologies stock opened at $174.83 on Wednesday. Keysight Technologies Inc. has a fifty-two week low of $121.43 and a fifty-two week high of $187.67. The firm’s 50 day simple moving average is $173.44 and its 200-day simple moving average is $166.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The company has a market cap of $30.05 billion, a P/E ratio of 55.68, a price-to-earnings-growth ratio of 2.38 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.05. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. As a group, equities research analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KEYS shares. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Barclays dropped their target price on shares of Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Morgan Stanley reissued an “equal weight” rating and set a $180.00 target price on shares of Keysight Technologies in a research note on Friday, October 10th. UBS Group began coverage on shares of Keysight Technologies in a report on Tuesday, November 11th. They set a “buy” rating and a $220.00 target price for the company. Finally, Bank of America upped their price target on Keysight Technologies from $175.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $192.18.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $173.98, for a total transaction of $347,960.00. Following the completion of the sale, the senior vice president directly owned 106,590 shares in the company, valued at approximately $18,544,528.20. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Keysight Technologies Company 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.