Chartwell Investment Partners LLC Sells 2,258 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Chartwell Investment Partners LLC cut its holdings in Keysight Technologies, Inc. (NYSE:KEYS) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,426 shares of the scientific and technical instruments company’s stock after selling 2,258 shares during the period. Chartwell Investment Partners LLC’s holdings in Keysight Technologies were worth $3,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in shares of Keysight Technologies in the 2nd quarter worth about $27,000. Family Firm Inc. bought a new position in shares of Keysight Technologies in the 2nd quarter worth about $30,000. American National Bank & Trust bought a new position in shares of Keysight Technologies in the 3rd quarter worth about $31,000. GPS Wealth Strategies Group LLC raised its position in shares of Keysight Technologies by 262.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 184 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Keysight Technologies by 842.4% in the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the scientific and technical instruments company’s stock worth $43,000 after acquiring an additional 278 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Keysight Technologies Price Performance

KEYS stock opened at $163.75 on Tuesday. The company has a market capitalization of $28.42 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 4.89 and a beta of 0.98. 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, Inc. has a 52-week low of $119.72 and a 52-week high of $166.28. The business has a 50-day simple moving average of $154.49 and a two-hundred day simple moving average of $145.70.

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, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm earned $2.04 EPS. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. Research analysts expect that Keysight Technologies, Inc. will post 5.43 EPS for the current fiscal year.

Analysts Set New Price Targets

KEYS has been the subject of several research reports. Wells Fargo & Company restated an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Robert W. Baird reduced their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Barclays upgraded Keysight Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $158.00 to $180.00 in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $170.89.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction that occurred 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 transaction, the director now 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Keysight Technologies 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.