Cambridge Trust Co. Trims Position in Keysight Technologies, Inc. (NYSE:KEYS)

Cambridge Trust Co. decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 64.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 600 shares of the scientific and technical instruments company’s stock after selling 1,073 shares during the quarter. Cambridge Trust Co.’s holdings in Keysight Technologies were worth $95,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Keysight Technologies during the fourth quarter worth $265,043,000. Moneta Group Investment Advisors LLC lifted its position in shares of Keysight Technologies by 110,226.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,500,438 shares of the scientific and technical instruments company’s stock worth $256,680,000 after buying an additional 1,499,078 shares in the last quarter. Van ECK Associates Corp grew its holdings in Keysight Technologies by 1,588.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company’s stock valued at $153,406,000 after buying an additional 1,090,763 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Keysight Technologies by 31.8% during the 4th quarter. Alliancebernstein L.P. now owns 2,160,766 shares of the scientific and technical instruments company’s stock worth $369,642,000 after acquiring an additional 521,934 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Keysight Technologies by 29.8% in the fourth quarter. Morgan Stanley now owns 2,026,408 shares of the scientific and technical instruments company’s stock valued at $346,658,000 after purchasing an additional 464,655 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Down 1.2 %

KEYS opened at $145.12 on Friday. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $172.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 6.66 and a beta of 1.05. The stock’s 50 day moving average price is $153.72 and its 200-day moving average price is $146.09.

Keysight Technologies (NYSE:KEYS) last released its earnings results 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. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 earnings per share. On average, equities analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction on 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 directly owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of 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 shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $184.00 to $170.00 in a report on Thursday, February 15th. Finally, Citigroup boosted their price objective on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $160.63.

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.