PGGM Investments Trims Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

PGGM Investments decreased its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 72.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,615 shares of the scientific and technical instruments company’s stock after selling 22,526 shares during the quarter. PGGM Investments’ holdings in Keysight Technologies were worth $1,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of Keysight Technologies by 0.6% in the third quarter. Commonwealth Equity Services LLC now owns 20,159 shares of the scientific and technical instruments company’s stock valued at $2,667,000 after acquiring an additional 122 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Keysight Technologies by 1.1% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 98,041 shares of the scientific and technical instruments company’s stock worth $12,972,000 after buying an additional 1,100 shares during the period. RMR Wealth Builders raised its holdings in Keysight Technologies by 20.8% in the third quarter. RMR Wealth Builders now owns 2,999 shares of the scientific and technical instruments company’s stock valued at $397,000 after acquiring an additional 517 shares in the last quarter. Bridgewater Advisors Inc. acquired a new stake in Keysight Technologies in the third quarter valued at approximately $7,953,000. Finally, Weybosset Research & Management LLC grew its holdings in Keysight Technologies by 1.0% during the 3rd quarter. Weybosset Research & Management LLC now owns 106,851 shares of the scientific and technical instruments company’s stock worth $14,137,000 after acquiring an additional 1,102 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Keysight Technologies Trading Up 1.1 %

Shares of KEYS stock opened at $150.17 on Tuesday. The company has a market capitalization of $26.21 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 6.73 and a beta of 1.05. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $152.76 and its two-hundred day moving average is $147.00. Keysight Technologies, Inc. has a twelve month low of $118.57 and a twelve 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 for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. Keysight Technologies’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. Equities analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup lifted their price target on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Barclays boosted their target price on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $184.00 to $170.00 in a report 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 company’s stock. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Hold” and an average price target of $160.63.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction dated Tuesday, March 26th. The stock was 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 owns 29,156 shares in the company, valued at approximately $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

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.