Pensionfund Sabic Sells 2,800 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Pensionfund Sabic cut its position in Keysight Technologies, Inc. (NYSE:KEYS) by 36.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,900 shares of the scientific and technical instruments company’s stock after selling 2,800 shares during the quarter. Pensionfund Sabic’s holdings in Keysight Technologies were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Osterweis Capital Management Inc. bought a new position in shares of Keysight Technologies in the fourth quarter worth about $25,940,000. Okabena Investment Services Inc. acquired a new stake in Keysight Technologies in the 4th quarter valued at approximately $234,000. Price T Rowe Associates Inc. MD increased its position in Keysight Technologies by 102.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 698,336 shares of the scientific and technical instruments company’s stock worth $111,099,000 after buying an additional 353,768 shares during the period. Wellington Wealth Strategies LLC. bought a new stake in shares of Keysight Technologies in the fourth quarter valued at approximately $210,000. Finally, GLOBALT Investments LLC GA acquired a new stake in shares of Keysight Technologies in the fourth quarter worth $1,917,000. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Down 0.4 %

Shares of NYSE KEYS opened at $157.51 on Friday. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $162.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The business has a fifty day moving average of $146.41 and a two-hundred day moving average of $145.19. The stock has a market cap of $27.33 billion, a PE ratio of 30.29, a PEG ratio of 5.28 and a beta of 0.97.

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

Analyst Ratings Changes

A number of brokerages have weighed in on KEYS. Bank of America increased their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a report on Wednesday, August 21st. Robert W. Baird cut their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Susquehanna lowered their price objective 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.67.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was 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 of the company’s stock, valued at $6,576,960. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

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.