Keysight Technologies, Inc. (NYSE:KEYS) Stock Position Decreased by Duality Advisers LP

Duality Advisers LP lessened its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 17.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,139 shares of the scientific and technical instruments company’s stock after selling 673 shares during the period. Duality Advisers LP’s holdings in Keysight Technologies were worth $499,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Keeler Thomas Management LLC grew its position in shares of Keysight Technologies by 6.4% during the 4th quarter. Keeler Thomas Management LLC now owns 11,429 shares of the scientific and technical instruments company’s stock valued at $1,818,000 after buying an additional 692 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Keysight Technologies by 71.9% during the 4th quarter. Handelsbanken Fonder AB now owns 89,079 shares of the scientific and technical instruments company’s stock valued at $14,172,000 after buying an additional 37,270 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Keysight Technologies by 40.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,183 shares of the scientific and technical instruments company’s stock valued at $188,000 after buying an additional 338 shares during the last quarter. abrdn plc grew its position in shares of Keysight Technologies by 19.1% during the 4th quarter. abrdn plc now owns 264,652 shares of the scientific and technical instruments company’s stock valued at $42,103,000 after buying an additional 42,352 shares during the last quarter. Finally, Hunter Associates Investment Management LLC bought a new stake in shares of Keysight Technologies during the 4th quarter valued at about $218,000. Institutional investors own 84.58% of the company’s stock.

Insider Activity

In related news, SVP Kailash Narayanan sold 4,300 shares of the 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 of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

KEYS has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Barclays upped their target price on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $160.63.

Keysight Technologies Trading Up 0.6 %

Keysight Technologies stock opened at $147.43 on Friday. The firm has a 50 day simple moving average of $153.14 and a 200-day simple moving average of $146.53. 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 $25.74 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 6.64 and a beta of 1.05. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72.

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