Keysight Technologies Inc. (NYSE:KEYS) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its position in Keysight Technologies Inc. (NYSE:KEYS) by 60.8% during the first quarter, HoldingsChannel.com reports. The fund owned 3,882 shares of the scientific and technical instruments company’s stock after selling 6,024 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Keysight Technologies were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KEYS. Atria Wealth Solutions Inc. lifted its stake in Keysight Technologies by 14.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,493 shares of the scientific and technical instruments company’s stock valued at $400,000 after buying an additional 320 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Keysight Technologies during the 4th quarter worth $201,000. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Keysight Technologies by 1.8% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 68,303 shares of the scientific and technical instruments company’s stock worth $10,972,000 after purchasing an additional 1,200 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Keysight Technologies by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 49,664 shares of the scientific and technical instruments company’s stock worth $7,978,000 after purchasing an additional 365 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Keysight Technologies during the 4th quarter worth $14,785,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Trading Up 0.6%

Keysight Technologies stock opened at $165.08 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The firm has a market cap of $28.41 billion, a price-to-earnings ratio of 38.75, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. Keysight Technologies Inc. has a 1 year low of $119.72 and a 1 year high of $186.20. The firm’s 50 day moving average price is $156.03 and its two-hundred day moving average price is $159.03.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company posted $1.41 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.

Insider Buying and Selling at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the sale, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,829,920. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satish Dhanasekaran sold 658 shares of Keysight Technologies stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the completion of the sale, the chief executive officer now directly owns 115,576 shares of the company’s stock, valued at approximately $18,235,581.28. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,615 shares of company stock valued at $3,113,460 in the last quarter. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KEYS. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Bank of America increased their price target on Keysight Technologies from $165.00 to $170.00 and gave the stock an “underperform” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on Keysight Technologies from $172.00 to $177.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Robert W. Baird increased their price target on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley increased their target price on Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $183.00.

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.