Mengis Capital Management Inc. Sells 1,238 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Mengis Capital Management Inc. reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,092 shares of the scientific and technical instruments company’s stock after selling 1,238 shares during the period. Mengis Capital Management Inc.’s holdings in Keysight Technologies were worth $2,558,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swedbank AB increased its position in Keysight Technologies by 7.1% during the 3rd quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Keysight Technologies by 352.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after buying an additional 2,462,543 shares during the period. Capital World Investors bought a new position in Keysight Technologies in the first quarter worth about $250,097,000. Van ECK Associates Corp lifted its holdings in Keysight Technologies by 6.1% in the second quarter. Van ECK Associates Corp now owns 1,378,723 shares of the scientific and technical instruments company’s stock worth $188,540,000 after buying an additional 79,774 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Keysight Technologies by 3.8% during the first quarter. Bessemer Group Inc. now owns 1,141,274 shares of the scientific and technical instruments company’s stock valued at $178,473,000 after purchasing an additional 42,126 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Richard P. Hamada sold 1,632 shares of the business’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 transaction, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KEYS has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a research report on Wednesday, August 21st. Barclays raised Keysight Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $158.00 to $180.00 in a research report on Monday, November 4th. Susquehanna reduced their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st. Robert W. Baird lowered their price objective on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $170.89.

Keysight Technologies Trading Down 1.5 %

Shares of KEYS opened at $161.25 on Wednesday. The firm has a market cap of $27.98 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 4.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $166.28. The company has a 50 day simple moving average of $154.75 and a two-hundred day simple moving average of $145.79.

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