Ariel Investments LLC Sells 1,593 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

by · The Cerbat Gem

Ariel Investments LLC reduced its position in shares of Keysight Technologies, Inc. (NYSE:KEYS – Free Report) by 0.7% during the third quarter, Holdings Channel reports. The firm owned 214,284 shares of the scientific and technical instruments company’s stock after selling 1,593 shares during the period. Ariel Investments LLC’s holdings in Keysight Technologies were worth $28,352,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT lifted its position in shares of Keysight Technologies by 0.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 13,421 shares of the scientific and technical instruments company’s stock valued at $2,296,000 after purchasing an additional 57 shares in the last quarter. Snowden Capital Advisors LLC raised its position in Keysight Technologies by 2.9% in the second quarter. Snowden Capital Advisors LLC now owns 2,524 shares of the scientific and technical instruments company’s stock worth $423,000 after acquiring an additional 71 shares during the period. Putnam Investments LLC raised its position in Keysight Technologies by 0.4% in the first quarter. Putnam Investments LLC now owns 19,634 shares of the scientific and technical instruments company’s stock worth $3,170,000 after acquiring an additional 74 shares during the period. Heartland Bank & Trust Co raised its position in Keysight Technologies by 1.3% in the third quarter. Heartland Bank & Trust Co now owns 6,229 shares of the scientific and technical instruments company’s stock worth $824,000 after acquiring an additional 81 shares during the period. Finally, Clarius Group LLC raised its position in Keysight Technologies by 3.7% in the second quarter. Clarius Group LLC now owns 2,281 shares of the scientific and technical instruments company’s stock worth $382,000 after acquiring an additional 82 shares during the period. 81.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Keysight Technologies from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. Barclays boosted their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. StockNews.com lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. TheStreet raised shares of Keysight Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Finally, Citigroup boosted their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $167.30.

Check Out Our Latest Research Report on Keysight Technologies

Keysight Technologies Price Performance

KEYS stock traded up $2.77 during midday trading on Friday, reaching $157.07. The company had a trading volume of 945,524 shares, compared to its average volume of 1,415,881. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $172.72. The company has a market capitalization of $27.44 billion, a P/E ratio of 28.82, a P/E/G ratio of 6.74 and a beta of 1.05. The firm has a 50-day moving average price of $154.61 and a 200-day moving average price of $141.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44.

Keysight Technologies (NYSE:KEYS – Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $1.72 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. On average, research analysts anticipate that Keysight Technologies, Inc. will post 5.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Keysight Technologies news, CFO Neil Dougherty sold 14,686 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $159.35, for a total value of $2,340,214.10. Following the completion of the transaction, the chief financial officer now directly owns 106,793 shares in the company, valued at approximately $17,017,464.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James Cullen sold 4,869 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $146.47, for a total value of $713,162.43. Following the sale, the director now directly owns 20,730 shares of the company’s stock, valued at approximately $3,036,323.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Neil Dougherty sold 14,686 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $159.35, for a total transaction of $2,340,214.10. Following the completion of the sale, the chief financial officer now directly owns 106,793 shares in the company, valued at $17,017,464.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,127 shares of company stock worth $10,783,553. 0.60% of the stock is currently owned by corporate insiders.

Keysight Technologies Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding KEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keysight Technologies, Inc. (NYSE:KEYS – Free Report).