Congress Asset Management Co. Sells 810 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Congress Asset Management Co. lessened its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,445 shares of the scientific and technical instruments company’s stock after selling 810 shares during the period. Congress Asset Management Co.’s holdings in Keysight Technologies were worth $965,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division increased its position in Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Venturi Wealth Management LLC increased its position in Keysight Technologies by 100.8% in the fourth quarter. Venturi Wealth Management LLC now owns 265 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 133 shares during the last quarter. Sunbelt Securities Inc. increased its position in Keysight Technologies by 241.8% in the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 191 shares during the last quarter. Quarry LP increased its position in Keysight Technologies by 188.1% in the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company’s stock worth $70,000 after purchasing an additional 284 shares during the last quarter. Finally, Huntington National Bank increased its position in Keysight Technologies by 37.4% in the fourth quarter. Huntington National Bank now owns 793 shares of the scientific and technical instruments company’s stock worth $127,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction on Thursday, March 27th. The shares were 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 approximately $17,834,765. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satish Dhanasekaran sold 658 shares of Keysight Technologies stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the completion of the sale, the chief executive officer now directly owns 115,576 shares in the company, valued at $18,235,581.28. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,247 shares of company stock valued at $2,086,720. 0.61% of the stock is currently owned by insiders.

Keysight Technologies Trading Up 1.3%

NYSE KEYS opened at $161.97 on Monday. The company’s 50-day moving average price is $148.60 and its 200-day moving average price is $159.76. The company has a current ratio of 2.98, a quick ratio of 2.27 and a debt-to-equity ratio of 0.35. The stock has a market cap of $27.88 billion, a PE ratio of 46.28, a PEG ratio of 2.41 and a beta of 1.09. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $1.41 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts forecast that Keysight Technologies, Inc. will post 6.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KEYS shares. JPMorgan Chase & Co. boosted their price objective on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Bank of America boosted their price objective on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an “underperform” rating in a research report on Thursday, May 22nd. Robert W. Baird boosted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

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.