USS Investment Management Ltd Has $5.51 Million Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

USS Investment Management Ltd decreased its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 27.2% in the fourth quarter, HoldingsChannel reports. The firm owned 34,280 shares of the scientific and technical instruments company’s stock after selling 12,795 shares during the period. USS Investment Management Ltd’s holdings in Keysight Technologies were worth $5,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of Keysight Technologies by 100.8% in the 4th quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 133 shares during the period. Quarry LP boosted its position in Keysight Technologies by 188.1% during the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock worth $70,000 after acquiring an additional 284 shares during the period. Huntington National Bank boosted its position in Keysight Technologies by 37.4% during the 4th quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company’s stock worth $127,000 after acquiring an additional 216 shares during the period. Principal Securities Inc. boosted its position in Keysight Technologies by 45.0% during the 4th quarter. Principal Securities Inc. now owns 834 shares of the scientific and technical instruments company’s stock worth $134,000 after acquiring an additional 259 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Keysight Technologies by 45.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the scientific and technical instruments company’s stock worth $155,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of NYSE KEYS opened at $161.93 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $147.37 and its two-hundred day moving average is $159.71. The company has a market cap of $27.98 billion, a P/E ratio of 46.27, a P/E/G ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $1.41 EPS. Keysight Technologies’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts expect that Keysight Technologies, Inc. will post 6.32 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Morgan Stanley raised their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $172.00 to $177.00 and gave the stock an “overweight” rating in a research report on Wednesday. Robert W. Baird raised their price objective on Keysight Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Bank of America raised their price objective on Keysight Technologies from $165.00 to $170.00 and gave the stock an “underperform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $183.00.

Insider Activity at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now owns 115,063 shares of the company’s stock, valued at $17,834,765. The trade was a 3.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

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.