Crown Oak Advisors LLC Reduces Stock Holdings in Keysight Technologies, Inc. (NYSE:KEYS)

Crown Oak Advisors LLC cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,514 shares of the scientific and technical instruments company’s stock after selling 3,013 shares during the period. Keysight Technologies comprises approximately 4.5% of Crown Oak Advisors LLC’s portfolio, making the stock its 10th biggest holding. Crown Oak Advisors LLC’s holdings in Keysight Technologies were worth $8,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP raised its position in Keysight Technologies by 2.7% in the fourth quarter. Wellington Management Group LLP now owns 9,176 shares of the scientific and technical instruments company’s stock worth $1,460,000 after acquiring an additional 238 shares during the period. Rise Advisors LLC purchased a new position in Keysight Technologies in the first quarter valued at approximately $25,000. Fulton Bank N.A. grew its holdings in Keysight Technologies by 14.7% during the first quarter. Fulton Bank N.A. now owns 2,831 shares of the scientific and technical instruments company’s stock valued at $443,000 after purchasing an additional 362 shares during the period. Park Avenue Securities LLC increased its position in Keysight Technologies by 0.9% in the first quarter. Park Avenue Securities LLC now owns 7,830 shares of the scientific and technical instruments company’s stock worth $1,224,000 after buying an additional 71 shares during the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in shares of Keysight Technologies by 1.6% in the first quarter. Tealwood Asset Management Inc. now owns 8,644 shares of the scientific and technical instruments company’s stock valued at $1,352,000 after buying an additional 132 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Price Performance

Keysight Technologies stock traded up $1.35 during midday trading on Thursday, hitting $158.60. 20,321 shares of the company’s stock were exchanged, compared to its average volume of 1,190,057. The stock has a 50-day moving average price of $148.47 and a two-hundred day moving average price of $145.14. Keysight Technologies, Inc. has a 52-week low of $118.57 and a 52-week high of $162.51. The company has a market cap of $27.68 billion, a P/E ratio of 34.26, a PEG ratio of 5.28 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05.

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

Insider Buying and Selling

In other news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now directly owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America lifted their price objective on Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. 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 research report on Wednesday, August 21st. Vertical Research assumed coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. One equities 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, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $167.67.

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.