Amalgamated Bank Decreases Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Amalgamated Bank decreased its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 7.3% during the 4th quarter, HoldingsChannel reports. The fund owned 44,125 shares of the scientific and technical instruments company’s stock after selling 3,463 shares during the quarter. Amalgamated Bank’s holdings in Keysight Technologies were worth $7,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in Keysight Technologies during the third quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new stake in shares of Keysight Technologies during the 3rd quarter valued at approximately $26,000. Venturi Wealth Management LLC lifted its stake in Keysight Technologies by 145.9% during the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 159 shares during the last quarter. BluePath Capital Management LLC bought a new stake in Keysight Technologies during the third quarter valued at $44,000. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Keysight Technologies by 31.5% during the third quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Insider Activity

In other news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KEYS. 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 increased their price target on 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. downgraded 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 note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $160.63.

Keysight Technologies Stock Performance

KEYS stock opened at $149.18 on Monday. The company has a market capitalization of $26.04 billion, a P/E ratio of 27.37, a PEG ratio of 6.76 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $152.59 and a 200 day simple moving average of $147.51. Keysight Technologies, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $172.72.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.72 earnings per share. Sell-side analysts predict that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal 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.