Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 42.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,152,361 shares of the scientific and technical instruments company’s stock after selling 1,614,248 shares during the period. Jennison Associates LLC owned about 1.24% of Keysight Technologies worth $342,075,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ferguson Wellman Capital Management Inc. increased its stake in shares of Keysight Technologies by 0.6% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 12,700 shares of the scientific and technical instruments company’s stock valued at $1,737,000 after purchasing an additional 73 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Keysight Technologies by 2.8% in the 2nd quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock valued at $391,000 after purchasing an additional 74 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of Keysight Technologies by 15.9% in the 3rd quarter. Cromwell Holdings LLC now owns 548 shares of the scientific and technical instruments company’s stock valued at $87,000 after purchasing an additional 75 shares in the last quarter. Allworth Financial LP increased its stake in shares of Keysight Technologies by 3.9% in the 3rd quarter. Allworth Financial LP now owns 1,996 shares of the scientific and technical instruments company’s stock valued at $317,000 after purchasing an additional 75 shares in the last quarter. Finally, Diversified LLC increased its stake in shares of Keysight Technologies by 3.6% in the 2nd quarter. Diversified LLC now owns 2,259 shares of the scientific and technical instruments company’s stock valued at $309,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Up 0.5 %

Shares of Keysight Technologies stock opened at $152.16 on Wednesday. The stock has a market cap of $26.41 billion, a P/E ratio of 29.26, a P/E/G ratio of 4.38 and a beta of 0.98. The stock’s 50 day simple moving average is $155.38 and its 200-day simple moving average is $145.97. Keysight Technologies, Inc. has a 1-year low of $119.72 and a 1-year high of $166.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $2.04 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. Analysts predict that Keysight Technologies, Inc. will post 5.48 EPS for the current fiscal year.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KEYS shares. Vertical Research started coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target for the company. StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Barclays upgraded Keysight Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $158.00 to $180.00 in a research note on Monday, November 4th. Finally, Bank of America boosted their price objective on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.89.

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.