Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by RMR Wealth Builders

RMR Wealth Builders trimmed its position in Keysight Technologies, Inc. (NYSE:KEYS) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,674 shares of the scientific and technical instruments company’s stock after selling 325 shares during the period. RMR Wealth Builders’ holdings in Keysight Technologies were worth $425,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KEYS. EdgeRock Capital LLC acquired a new stake in Keysight Technologies in the 4th quarter worth about $46,000. Barlow Wealth Partners Inc. acquired a new stake in shares of Keysight Technologies in the fourth quarter worth approximately $10,515,000. Charles Schwab Investment Management Inc. grew its holdings in Keysight Technologies by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 932,402 shares of the scientific and technical instruments company’s stock valued at $148,336,000 after purchasing an additional 22,501 shares during the period. Apollon Wealth Management LLC acquired a new position in Keysight Technologies during the fourth quarter worth approximately $337,000. Finally, Machina Capital S.A.S. increased its position in Keysight Technologies by 37.4% during the fourth quarter. Machina Capital S.A.S. now owns 2,336 shares of the scientific and technical instruments company’s stock worth $372,000 after purchasing an additional 636 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Keysight Technologies Stock Performance

KEYS stock traded up $0.70 during mid-day trading on Wednesday, reaching $150.80. The company had a trading volume of 1,307,355 shares, compared to its average volume of 1,198,838. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $172.72. The stock has a market capitalization of $26.32 billion, a P/E ratio of 27.67, a P/E/G ratio of 6.76 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $152.44 and its two-hundred day simple moving average is $147.91.

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

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 in the company, valued at $4,457,369.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

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.