Desjardins Global Asset Management Inc. Lowers Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Desjardins Global Asset Management Inc. reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 53.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,364 shares of the scientific and technical instruments company’s stock after selling 1,576 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Keysight Technologies were worth $217,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Invesco LLC purchased a new stake in shares of Keysight Technologies during the fourth quarter valued at $212,000. Crown Oak Advisors LLC purchased a new stake in Keysight Technologies in the fourth quarter worth about $8,659,000. Outlook Wealth Advisors LLC purchased a new stake in Keysight Technologies in the fourth quarter worth about $219,000. Louisiana State Employees Retirement System purchased a new stake in Keysight Technologies in the fourth quarter worth about $1,702,000. Finally, Crestwood Advisors Group LLC lifted its stake in Keysight Technologies by 4.3% in the fourth quarter. Crestwood Advisors Group LLC now owns 29,961 shares of the scientific and technical instruments company’s stock worth $4,766,000 after acquiring an additional 1,224 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $146.89 on Friday. Keysight Technologies, Inc. has a one year low of $118.57 and a one year high of $172.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. The company has a market capitalization of $25.64 billion, a PE ratio of 26.95, a P/E/G ratio of 6.79 and a beta of 1.05. The company has a 50-day simple moving average of $154.05 and a two-hundred day simple moving average of $146.00.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KEYS shares. JPMorgan Chase & Co. lowered shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. Barclays upped their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, Citigroup upped their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One 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, the company has a consensus rating of “Hold” and a consensus target price of $160.63.

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.