SVB Wealth LLC Cuts Stake in Keysight Technologies, Inc. (NYSE:KEYS)

SVB Wealth LLC trimmed its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,049 shares of the scientific and technical instruments company’s stock after selling 16,037 shares during the quarter. SVB Wealth LLC’s holdings in Keysight Technologies were worth $7,008,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of KEYS. Norges Bank acquired a new position in Keysight Technologies in the fourth quarter worth about $265,043,000. Moneta Group Investment Advisors LLC raised its holdings in Keysight Technologies by 110,226.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,500,438 shares of the scientific and technical instruments company’s stock worth $256,680,000 after purchasing an additional 1,499,078 shares in the last quarter. Van ECK Associates Corp raised its holdings in Keysight Technologies by 1,588.0% during the third quarter. Van ECK Associates Corp now owns 1,159,449 shares of the scientific and technical instruments company’s stock worth $153,406,000 after purchasing an additional 1,090,763 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Keysight Technologies by 31.8% in the fourth quarter. Alliancebernstein L.P. now owns 2,160,766 shares of the scientific and technical instruments company’s stock valued at $369,642,000 after buying an additional 521,934 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Keysight Technologies by 29.8% in the fourth quarter. Morgan Stanley now owns 2,026,408 shares of the scientific and technical instruments company’s stock valued at $346,658,000 after buying an additional 464,655 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KEYS shares. 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 report on Wednesday, February 21st. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. Finally, Barclays boosted their target price on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Keysight Technologies currently has a consensus rating of “Hold” and an average target price of $160.63.

Keysight Technologies Stock Down 1.1 %

Shares of KEYS opened at $151.62 on Wednesday. The stock has a market cap of $26.47 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 6.95 and a beta of 1.05. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25. Keysight Technologies, Inc. has a 12 month low of $118.57 and a 12 month high of $172.72. The company has a 50-day moving average price of $154.50 and a two-hundred day moving average price of $145.97.

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

Insiders Place Their Bets

In other news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 of the company’s stock, valued at $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

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.