Leith Wheeler Investment Counsel Ltd. Cuts Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Leith Wheeler Investment Counsel Ltd. reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,021 shares of the scientific and technical instruments company’s stock after selling 170 shares during the period. Keysight Technologies accounts for approximately 2.0% of Leith Wheeler Investment Counsel Ltd.’s portfolio, making the stock its 7th biggest holding. Leith Wheeler Investment Counsel Ltd.’s holdings in Keysight Technologies were worth $13,176,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Accurate Wealth Management LLC bought a new position in shares of Keysight Technologies in the fourth quarter worth about $65,000. Coldstream Capital Management Inc. acquired a new position in shares of Keysight Technologies during the fourth quarter worth approximately $482,000. Brookstone Capital Management bought a new stake in shares of Keysight Technologies in the fourth quarter valued at approximately $470,000. Yousif Capital Management LLC boosted its position in shares of Keysight Technologies by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 26,008 shares of the scientific and technical instruments company’s stock valued at $4,449,000 after acquiring an additional 949 shares during the period. Finally, Wedmont Private Capital boosted its position in shares of Keysight Technologies by 27.6% in the fourth quarter. Wedmont Private Capital now owns 2,410 shares of the scientific and technical instruments company’s stock valued at $423,000 after acquiring an additional 521 shares during the period. 81.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Keysight Technologies from $170.00 to $184.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 13th. StockNews.com assumed coverage on Keysight Technologies in a research report on Thursday. They issued a “buy” rating for the company. Barclays raised Keysight Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $175.00 to $202.00 in a research report on Tuesday, January 10th. Susquehanna reaffirmed a “positive” rating and issued a $208.00 target price on shares of Keysight Technologies in a research report on Thursday, March 9th. Finally, UBS Group reduced their target price on Keysight Technologies from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 23rd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Keysight Technologies presently has an average rating of “Moderate Buy” and an average target price of $197.75.

Insider Activity at Keysight Technologies

In related news, insider Ronald S. Nersesian sold 18,069 shares of the firm’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $170.00, for a total value of $3,071,730.00. Following the transaction, the insider now owns 275,209 shares in the company, valued at $46,785,530. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.51% of the stock is owned by company insiders.

Keysight Technologies Price Performance

Shares of NYSE:KEYS traded down $0.23 during midday trading on Friday, reaching $155.16. The company’s stock had a trading volume of 2,392,089 shares, compared to its average volume of 1,548,722. Keysight Technologies, Inc. has a fifty-two week low of $127.93 and a fifty-two week high of $189.45. The company has a market capitalization of $27.64 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.58 and a beta of 1.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.45. The business’s fifty day simple moving average is $172.75 and its 200-day simple moving average is $170.29.

Keysight Technologies (NYSE:KEYS – Get Rating) last announced its earnings results on Tuesday, February 21st. The scientific and technical instruments company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Keysight Technologies had a return on equity of 32.50% and a net margin of 20.81%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. As a group, equities research analysts expect that Keysight Technologies, Inc. will post 7.3 EPS for the current fiscal year.

Keysight Technologies Profile

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.