Keysight Technologies, Inc. (NYSE:KEYS) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its position in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 9.3% in the third quarter, HoldingsChannel reports. The firm owned 31,540 shares of the scientific and technical instruments company’s stock after selling 3,224 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Keysight Technologies were worth $5,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of KEYS. Swedbank AB acquired a new stake in shares of Keysight Technologies during the first quarter worth about $621,993,000. Price T Rowe Associates Inc. MD lifted its holdings in Keysight Technologies by 352.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after acquiring an additional 2,462,543 shares during the period. Capital World Investors acquired a new position in Keysight Technologies in the first quarter valued at approximately $250,097,000. Boston Partners acquired a new position in Keysight Technologies in the first quarter valued at approximately $175,979,000. Finally, Saturna Capital Corp lifted its holdings in Keysight Technologies by 72.0% in the first quarter. Saturna Capital Corp now owns 860,000 shares of the scientific and technical instruments company’s stock valued at $134,487,000 after acquiring an additional 360,000 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS opened at $149.37 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies, Inc. has a 1 year low of $119.72 and a 1 year high of $166.28. The firm has a market capitalization of $25.92 billion, a PE ratio of 28.73, a P/E/G ratio of 4.65 and a beta of 0.98. The business’s 50 day moving average price is $155.17 and its 200-day moving average price is $145.92.

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 (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company 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 Upgrades and Downgrades

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th. Barclays raised Keysight Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $158.00 to $180.00 in a report on Monday, November 4th. Susquehanna decreased 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. Vertical Research initiated coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target for the company. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $170.89.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their ownership of the stock. The transaction 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 corporate insiders.

Keysight Technologies Company 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.