KBC Group NV Reduces Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

KBC Group NV reduced its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 4.1% in the third quarter, Holdings Channel reports. The institutional investor owned 58,943 shares of the scientific and technical instruments company’s stock after selling 2,547 shares during the period. KBC Group NV’s holdings in Keysight Technologies were worth $9,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Keysight Technologies in the 2nd quarter worth $27,000. Family Firm Inc. bought a new position in shares of Keysight Technologies in the second quarter worth about $30,000. American National Bank & Trust purchased a new position in shares of Keysight Technologies during the 3rd quarter valued at about $31,000. GPS Wealth Strategies Group LLC grew its stake in shares of Keysight Technologies by 262.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 184 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Keysight Technologies by 842.4% in the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock worth $43,000 after acquiring an additional 278 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KEYS has been the topic of several analyst reports. StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday. Bank of America lifted their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Vertical Research assumed coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.89.

Keysight Technologies Trading Down 2.8 %

Shares of KEYS stock opened at $149.37 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 4.65 and a beta of 0.98. Keysight Technologies, Inc. has a 12-month low of $119.72 and a 12-month high of $166.28. The stock’s 50-day moving average price is $155.17 and its 200-day moving average price is $145.91.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 EPS. Equities research analysts predict that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Insider Activity at Keysight Technologies

In other Keysight Technologies 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 sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by insiders.

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.