Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Congress Asset Management Co. MA

Congress Asset Management Co. MA cut its position in Keysight Technologies, Inc. (NYSE:KEYS) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 659,708 shares of the scientific and technical instruments company’s stock after selling 4,786 shares during the period. Congress Asset Management Co. MA owned 0.38% of Keysight Technologies worth $104,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KEYS. Ancora Advisors LLC purchased a new stake in shares of Keysight Technologies in the 3rd quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its position in shares of Keysight Technologies by 145.9% in the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 159 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Keysight Technologies by 31.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 82 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of Keysight Technologies in the 4th quarter valued at approximately $46,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Keysight Technologies in the 4th quarter valued at approximately $48,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Stock Performance

Keysight Technologies stock traded down $1.99 during midday trading on Friday, hitting $135.98. 756,012 shares of the company’s stock were exchanged, compared to its average volume of 1,321,895. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.99. The stock has a market cap of $23.73 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 4.76 and a beta of 1.00. The firm’s 50 day simple moving average is $146.91 and its 200 day simple moving average is $151.04.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Monday, May 20th. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.01. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Equities research analysts predict that Keysight Technologies, Inc. will post 5.25 EPS for the current year.

Insider Transactions at Keysight Technologies

In other news, Director Kevin A. Stephens bought 460 shares of Keysight Technologies stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the purchase, the director now owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin A. Stephens acquired 460 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $143.35 per share, with a total value of $65,941.00. Following the purchase, the director now directly owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KEYS. Susquehanna dropped their price objective on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research report on Tuesday, May 21st. Citigroup increased their target price on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Robert W. Baird increased their target price on shares of Keysight Technologies from $155.00 to $167.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Finally, Barclays increased their target price on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.33.

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.