Rockefeller Capital Management L.P. Sells 170,558 Shares of Keysight Technologies Inc. $KEYS

Rockefeller Capital Management L.P. reduced its stake in shares of Keysight Technologies Inc. (NYSE:KEYS) by 73.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,898 shares of the scientific and technical instruments company’s stock after selling 170,558 shares during the period. Rockefeller Capital Management L.P.’s holdings in Keysight Technologies were worth $10,143,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Haven Private LLC increased its stake in shares of Keysight Technologies by 1.7% in the second quarter. Haven Private LLC now owns 4,041 shares of the scientific and technical instruments company’s stock valued at $662,000 after buying an additional 67 shares during the period. Summit Financial LLC boosted its holdings in Keysight Technologies by 2.2% in the first quarter. Summit Financial LLC now owns 3,468 shares of the scientific and technical instruments company’s stock valued at $519,000 after acquiring an additional 73 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in Keysight Technologies by 2.4% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 3,466 shares of the scientific and technical instruments company’s stock valued at $579,000 after purchasing an additional 80 shares during the period. IFP Advisors Inc raised its holdings in Keysight Technologies by 49.1% during the 2nd quarter. IFP Advisors Inc now owns 246 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 81 shares during the last quarter. Finally, SouthState Corp raised its holdings in Keysight Technologies by 20.4% during the 2nd quarter. SouthState Corp now owns 513 shares of the scientific and technical instruments company’s stock worth $84,000 after purchasing an additional 87 shares during the last quarter. 84.58% of the stock is owned by institutional investors and hedge funds.

Keysight Technologies Price Performance

KEYS opened at $174.48 on Thursday. Keysight Technologies Inc. has a 1 year low of $121.43 and a 1 year high of $187.67. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 2.94. The firm’s fifty day moving average price is $173.53 and its two-hundred day moving average price is $166.37. The company has a market capitalization of $29.99 billion, a price-to-earnings ratio of 55.57, a P/E/G ratio of 2.38 and a beta of 1.22.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.67 by $0.05. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. As a group, analysts anticipate that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America upped their price objective on shares of Keysight Technologies from $175.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Morgan Stanley restated an “equal weight” rating and issued a $180.00 target price on shares of Keysight Technologies in a report on Friday, October 10th. UBS Group assumed coverage on Keysight Technologies in a report on Tuesday, November 11th. They set a “buy” rating and a $220.00 price target for the company. Citigroup assumed coverage on Keysight Technologies in a research report on Friday, November 14th. They issued a “buy” rating and a $215.00 price objective for the company. Finally, Wall Street Zen cut Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and a consensus target price of $194.33.

Insiders Place Their Bets

In related news, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $173.98, for a total transaction of $347,960.00. Following the completion of the sale, the senior vice president owned 106,590 shares in the company, valued at approximately $18,544,528.20. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.61% 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.