Zurcher Kantonalbank Zurich Cantonalbank Has $47.39 Million Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 25.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 297,894 shares of the scientific and technical instruments company’s stock after selling 104,331 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Keysight Technologies were worth $47,392,000 as of its most recent SEC filing.

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

Keysight Technologies Price Performance

Shares of KEYS stock opened at $151.62 on Wednesday. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $172.72. The firm’s 50 day moving average is $154.50 and its 200-day moving average is $145.97. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 6.95 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 earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business earned $1.72 earnings per share. Keysight Technologies’s quarterly revenue was down 8.8% on a year-over-year basis. Sell-side analysts forecast that Keysight Technologies, Inc. will post 5.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup boosted their price target on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Barclays upped their target price on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies presently has a consensus rating of “Hold” and an average target price of $160.63.

Insider Activity at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company insiders.

About Keysight Technologies

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.