KBC Group NV Sells 2,547 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

KBC Group NV lessened its position in Keysight Technologies, Inc. (NYSE:KEYS) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,943 shares of the scientific and technical instruments company’s stock after selling 2,547 shares during the period. KBC Group NV’s holdings in Keysight Technologies were worth $9,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Swedbank AB grew its stake in shares of Keysight Technologies by 3.8% in the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after purchasing an additional 151,446 shares during the last quarter. Capital International Sarl bought a new stake in shares of Keysight Technologies in the 1st quarter worth approximately $2,434,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Keysight Technologies by 172.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,977 shares of the scientific and technical instruments company’s stock valued at $6,565,000 after buying an additional 26,577 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Keysight Technologies by 72.6% during the third quarter. Janney Montgomery Scott LLC now owns 16,895 shares of the scientific and technical instruments company’s stock valued at $2,685,000 after acquiring an additional 7,106 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. lifted its stake in Keysight Technologies by 28.7% in the third quarter. Speece Thorson Capital Group Inc. now owns 80,629 shares of the scientific and technical instruments company’s stock worth $12,814,000 after acquiring an additional 17,962 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Susquehanna dropped their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. Bank of America raised their price objective on Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, Robert W. Baird cut their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.89.

Keysight Technologies Price Performance

Shares of KEYS opened at $149.37 on Friday. Keysight Technologies, Inc. has a twelve month low of $119.72 and a twelve month high of $166.28. The company has a market capitalization of $25.92 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 4.65 and a beta of 0.98. The firm has a 50 day moving average of $155.17 and a 200 day moving average of $145.91. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. The company’s revenue was down 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Keysight Technologies, Inc. will post 5.43 earnings per share for the current fiscal year.

Insider Activity

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 3.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

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.