Sawgrass Asset Management LLC Sells 1,848 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Sawgrass Asset Management LLC reduced its position in Keysight Technologies, Inc. (NYSE:KEYS) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,347 shares of the scientific and technical instruments company’s stock after selling 1,848 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Keysight Technologies were worth $8,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC bought a new position in Keysight Technologies in the fourth quarter worth about $395,789,000. Van ECK Associates Corp boosted its position in Keysight Technologies by 105.5% in the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock valued at $379,134,000 after buying an additional 1,223,694 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Keysight Technologies by 14,134.3% in the third quarter. EP Wealth Advisors LLC now owns 314,720 shares of the scientific and technical instruments company’s stock valued at $41,641,000 after buying an additional 312,509 shares during the last quarter. Findlay Park Partners LLP boosted its position in Keysight Technologies by 35.8% in the third quarter. Findlay Park Partners LLP now owns 1,127,071 shares of the scientific and technical instruments company’s stock valued at $149,123,000 after buying an additional 297,147 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Keysight Technologies by 16.6% in the 3rd quarter. Invesco Ltd. now owns 1,732,321 shares of the scientific and technical instruments company’s stock worth $229,203,000 after purchasing an additional 247,250 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Insider Transactions at Keysight Technologies

In other news, SVP Kailash Narayanan sold 4,300 shares of the 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 transaction, the senior vice president now directly 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 accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KEYS shares. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. Citigroup increased their target price on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays increased their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $160.63.

Keysight Technologies Price Performance

NYSE KEYS traded up $0.70 during mid-day trading on Wednesday, hitting $150.80. The stock had a trading volume of 1,307,355 shares, compared to its average volume of 1,198,838. The firm’s 50 day moving average is $152.50 and its 200 day moving average is $147.89. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve month high of $172.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The stock has a market capitalization of $26.32 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 6.76 and a beta of 1.06.

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

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.