Cambridge Trust Co. Trims Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Cambridge Trust Co. lessened its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 64.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 600 shares of the scientific and technical instruments company’s stock after selling 1,073 shares during the quarter. Cambridge Trust Co.’s holdings in Keysight Technologies were worth $95,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Keysight Technologies during the fourth quarter worth approximately $265,043,000. Moneta Group Investment Advisors LLC boosted its stake in Keysight Technologies by 110,226.3% during the 4th 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 during the period. Van ECK Associates Corp grew its position in Keysight Technologies by 1,588.0% during the 3rd 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 during the last quarter. Alliancebernstein L.P. increased its stake in 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 purchasing an additional 521,934 shares during the period. Finally, Morgan Stanley raised 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 during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analyst Ratings Changes

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

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $145.12 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $153.72 and a 200-day simple moving average of $146.09. The company has a market cap of $25.33 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 6.66 and a beta of 1.05. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72.

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

Insider Activity

In other Keysight Technologies 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 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. Insiders own 0.60% of the company’s stock.

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.