CIBC Asset Management Inc Lowers Stake in Keysight Technologies, Inc. (NYSE:KEYS)

CIBC Asset Management Inc lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYSGet Rating) by 20.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,961 shares of the scientific and technical instruments company’s stock after selling 7,129 shares during the period. CIBC Asset Management Inc’s holdings in Keysight Technologies were worth $4,417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. IndexIQ Advisors LLC boosted its position in Keysight Technologies by 16.9% in the 1st quarter. IndexIQ Advisors LLC now owns 3,595 shares of the scientific and technical instruments company’s stock valued at $568,000 after buying an additional 519 shares during the period. TimesSquare Capital Management LLC raised its holdings in shares of Keysight Technologies by 3.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 386,600 shares of the scientific and technical instruments company’s stock valued at $61,071,000 after purchasing an additional 12,700 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Keysight Technologies by 16.3% in the 1st quarter. IFM Investors Pty Ltd now owns 27,684 shares of the scientific and technical instruments company’s stock valued at $4,373,000 after purchasing an additional 3,879 shares in the last quarter. First Foundation Advisors raised its holdings in shares of Keysight Technologies by 15.6% in the 1st quarter. First Foundation Advisors now owns 18,012 shares of the scientific and technical instruments company’s stock valued at $2,845,000 after purchasing an additional 2,432 shares in the last quarter. Finally, Qtron Investments LLC raised its holdings in shares of Keysight Technologies by 53.6% in the 1st quarter. Qtron Investments LLC now owns 3,339 shares of the scientific and technical instruments company’s stock valued at $527,000 after purchasing an additional 1,165 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Keysight Technologies from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, June 1st. JPMorgan Chase & Co. reduced their price objective on shares of Keysight Technologies from $200.00 to $176.00 and set an “overweight” rating on the stock in a report on Thursday, July 14th. Morgan Stanley reduced their price objective on shares of Keysight Technologies from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 12th. UBS Group reduced their price objective on shares of Keysight Technologies from $220.00 to $177.00 and set a “buy” rating on the stock in a report on Friday, June 17th. Finally, Robert W. Baird cut their price target on shares of Keysight Technologies from $198.00 to $166.00 in a research note on Monday, May 16th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.50.

Keysight Technologies Trading Down 0.5 %

NYSE KEYS opened at $167.26 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.26 and a current ratio of 2.86. The firm has a market cap of $30.10 billion, a PE ratio of 30.25, a P/E/G ratio of 2.82 and a beta of 1.10. Keysight Technologies, Inc. has a one year low of $127.93 and a one year high of $209.08. The firm’s fifty day moving average is $145.19 and its two-hundred day moving average is $150.61.

Keysight Technologies (NYSE:KEYSGet Rating) last posted its quarterly earnings data on Tuesday, May 17th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.20. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. Keysight Technologies’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. Analysts expect that Keysight Technologies, Inc. will post 6.53 earnings per share for the current year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, Director Kevin A. Stephens acquired 500 shares of the company’s stock in a transaction on Thursday, June 30th. The shares were bought at an average cost of $136.91 per share, for a total transaction of $68,455.00. Following the completion of the purchase, the director now owns 3,626 shares in the company, valued at approximately $496,435.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Kevin A. Stephens bought 500 shares of the stock in a transaction dated Thursday, June 30th. The shares were acquired at an average price of $136.91 per share, with a total value of $68,455.00. Following the completion of the acquisition, the director now directly owns 3,626 shares in the company, valued at $496,435.66. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard P. Hamada sold 1,626 shares of Keysight Technologies stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the sale, the director now directly owns 42,160 shares in the company, valued at approximately $6,324,000. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Keysight Technologies Profile

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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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

See Also

Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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