Congress Asset Management Co. Has $1.80 Million Stake in Keysight Technologies, Inc. (NYSE:KEYS)

Congress Asset Management Co. cut its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 98.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,327 shares of the scientific and technical instruments company’s stock after selling 614,679 shares during the quarter. Congress Asset Management Co.’s holdings in Keysight Technologies were worth $1,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. abrdn plc grew its stake in shares of Keysight Technologies by 0.9% during the 3rd quarter. abrdn plc now owns 284,445 shares of the scientific and technical instruments company’s stock worth $45,146,000 after acquiring an additional 2,584 shares in the last quarter. Hunter Associates Investment Management LLC bought a new position in Keysight Technologies in the third quarter valued at $218,000. Mcrae Capital Management Inc. grew its position in Keysight Technologies by 0.4% in the third quarter. Mcrae Capital Management Inc. now owns 112,351 shares of the scientific and technical instruments company’s stock valued at $17,856,000 after purchasing an additional 425 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Keysight Technologies by 23.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,736 shares of the scientific and technical instruments company’s stock valued at $1,547,000 after buying an additional 1,866 shares during the last quarter. Finally, Forsta AP Fonden lifted its position in Keysight Technologies by 11.9% during the 3rd quarter. Forsta AP Fonden now owns 36,800 shares of the scientific and technical instruments company’s stock worth $5,849,000 after buying an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on KEYS. Vertical Research began coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price on the stock. Susquehanna dropped their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Bank of America boosted their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Finally, Robert W. Baird cut their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.67.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $151.55 on Friday. Keysight Technologies, Inc. has a 52 week low of $119.72 and a 52 week high of $162.51. The company has a market capitalization of $26.30 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 5.08 and a beta of 0.97. The company has a 50-day simple moving average of $153.70 and a 200 day simple moving average of $145.18. 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 posted its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.04 earnings per share. On average, sell-side analysts predict that Keysight Technologies, Inc. will post 5.43 earnings per share for the current year.

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.