Everence Capital Management Inc. Sells 23,720 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Everence Capital Management Inc. lessened its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 78.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,611 shares of the scientific and technical instruments company’s stock after selling 23,720 shares during the quarter. Everence Capital Management Inc.’s holdings in Keysight Technologies were worth $1,051,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KEYS. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at $27,000. Family Firm Inc. bought a new position in Keysight Technologies during the 2nd quarter valued at about $30,000. Larson Financial Group LLC acquired a new position in Keysight Technologies in the first quarter valued at about $31,000. American National Bank & Trust bought a new stake in Keysight Technologies during the third quarter worth about $31,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Keysight Technologies by 262.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Trading Down 0.9 %

NYSE KEYS traded down $1.46 during trading hours on Monday, hitting $158.49. The company’s stock had a trading volume of 326,439 shares, compared to its average volume of 1,188,875. The stock has a fifty day moving average of $150.66 and a 200 day moving average of $145.22. 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, Inc. has a twelve month low of $118.57 and a twelve month high of $162.51. The firm has a market capitalization of $27.66 billion, a P/E ratio of 34.47, a PEG ratio of 5.28 and a beta of 0.97.

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

Insiders Place Their Bets

In other 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 value of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares of the company’s stock, valued at $6,576,960. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KEYS shares. Robert W. Baird decreased their price target on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Vertical Research started coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. Bank of America upped their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Susquehanna reduced their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Keysight Technologies currently has an average rating of “Moderate Buy” and a consensus target price 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.