Mackenzie Financial Corp Sells 1,208,253 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Mackenzie Financial Corp decreased its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 30.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,704,378 shares of the scientific and technical instruments company’s stock after selling 1,208,253 shares during the quarter. Mackenzie Financial Corp’s holdings in Keysight Technologies were worth $430,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Ancora Advisors LLC bought a new position in Keysight Technologies during the third quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new position in shares of Keysight Technologies in the 3rd quarter worth approximately $26,000. Quarry LP bought a new stake in shares of Keysight Technologies during the 2nd quarter worth approximately $27,000. VitalStone Financial LLC bought a new stake in shares of Keysight Technologies during the 1st quarter worth approximately $35,000. Finally, Fred Alger Management LLC bought a new stake in shares of Keysight Technologies during the 4th quarter worth approximately $41,000. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Down 1.0 %

Shares of NYSE:KEYS traded down $1.50 on Monday, reaching $153.60. The company had a trading volume of 313,557 shares, compared to its average volume of 1,238,199. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $172.72. The firm’s 50 day simple moving average is $154.60 and its 200-day simple moving average is $145.68. The firm has a market capitalization of $26.81 billion, a PE ratio of 28.46, a PEG ratio of 7.03 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.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $1.72 EPS. The business’s revenue was down 8.8% compared to the same quarter last year. As a group, analysts expect that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KEYS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. Citigroup lifted their target price on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays lifted their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Keysight Technologies currently has a consensus rating of “Hold” and a consensus target price of $160.63.

Insider Buying and Selling

In related news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at approximately $4,457,369.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Keysight Technologies Company 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.