Confluence Investment Management LLC Lowers Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Confluence Investment Management LLC reduced its position in Keysight Technologies, Inc. (NYSE:KEYS) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,251 shares of the scientific and technical instruments company’s stock after selling 1,835 shares during the quarter. Confluence Investment Management LLC’s holdings in Keysight Technologies were worth $54,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. boosted its stake in 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 worth $1,737,000 after purchasing an additional 73 shares during the period. Wedmont Private Capital grew its stake in Keysight Technologies by 2.8% during the second quarter. Wedmont Private Capital now owns 2,754 shares of the scientific and technical instruments company’s stock valued at $391,000 after acquiring an additional 74 shares in the last quarter. Cromwell Holdings LLC increased its holdings in 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 acquiring an additional 75 shares during the last quarter. Allworth Financial LP increased its holdings in 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 acquiring an additional 75 shares during the last quarter. Finally, Diversified LLC lifted its stake in 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 worth $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.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a research report on Wednesday, August 21st. Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price objective on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Vertical Research started coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $170.89.

Insider Activity

In related news, Director Richard P. Hamada sold 1,632 shares of the firm’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 transaction of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Up 2.1 %

Shares of KEYS opened at $165.18 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $154.07 and a 200 day moving average of $145.46. The company has a market cap of $28.67 billion, a PE ratio of 31.77, a P/E/G ratio of 4.54 and a beta of 0.98. Keysight Technologies, Inc. has a 52-week low of $119.72 and a 52-week high of $165.35.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted $2.04 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, sell-side analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current year.

About Keysight Technologies

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.