Keysight Technologies Inc. (NYSE:KEYS) Stake Decreased by Whittier Trust Co.

Whittier Trust Co. trimmed its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,185 shares of the scientific and technical instruments company’s stock after selling 154 shares during the period. Whittier Trust Co.’s holdings in Keysight Technologies were worth $477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division grew 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 valued at $27,000 after purchasing an additional 90 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Keysight Technologies by 39.9% during the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 75 shares in the last quarter. Sunbelt Securities Inc. grew its position in Keysight Technologies by 241.8% during the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company’s stock worth $44,000 after acquiring an additional 191 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Keysight Technologies in the 1st quarter valued at about $51,000. Finally, Quarry LP lifted its stake 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 valued at $70,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on KEYS. Bank of America upped their price objective on Keysight Technologies from $165.00 to $170.00 and gave the company an “underperform” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday. Wall Street Zen downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, Morgan Stanley raised their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $185.56.

Insider Buying and Selling

In other news, Director Richard P. Hamada sold 1,589 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the sale, the director owned 42,160 shares in the company, valued at $6,829,920. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Page sold 7,368 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $1,162,523.04. Following the sale, the senior vice president owned 36,986 shares in the company, valued at approximately $5,835,651.08. This represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,830 shares of company stock worth $5,124,049. Corporate insiders own 0.61% of the company’s stock.

Keysight Technologies Stock Up 1.8%

NYSE:KEYS opened at $163.09 on Friday. Keysight Technologies Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The business’s fifty day moving average price is $161.84 and its 200 day moving average price is $158.83. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 2.18 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS) last posted its earnings results 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 net margin of 14.50% and a return on equity of 19.65%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Keysight Technologies 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.