Flputnam Investment Management Co. Lowers Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Flputnam Investment Management Co. lowered its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 50.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,716 shares of the scientific and technical instruments company’s stock after selling 1,764 shares during the period. Flputnam Investment Management Co.’s holdings in Keysight Technologies were worth $273,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Ancora Advisors LLC acquired a new position in Keysight Technologies in the 3rd quarter valued at $25,000. OFI Invest Asset Management acquired a new position in shares of Keysight Technologies during the third quarter worth about $26,000. Quarry LP purchased a new position in Keysight Technologies during the second quarter worth about $27,000. VitalStone Financial LLC acquired a new stake in Keysight Technologies in the first quarter valued at about $35,000. Finally, Fred Alger Management LLC purchased a new stake in Keysight Technologies in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares in the company, valued at approximately $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. downgraded Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $184.00 to $170.00 in a report on Thursday, February 15th. Finally, Citigroup upped their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $160.63.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $146.89 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 6.79 and a beta of 1.05. The company’s 50-day moving average price is $154.05 and its 200 day moving average price is $146.00. Keysight Technologies, Inc. has a 52 week low of $118.57 and a 52 week high of $172.72.

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

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.