Amalgamated Bank Trims Stock Position in Keysight Technologies, Inc. (NYSE:KEYS)

Amalgamated Bank lowered its position in shares of Keysight Technologies, Inc. (NYSE:KEYSGet Rating) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,664 shares of the scientific and technical instruments company’s stock after selling 979 shares during the period. Amalgamated Bank’s holdings in Keysight Technologies were worth $7,845,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. MD Financial Management Inc. lifted its position in Keysight Technologies by 0.4% during the fourth quarter. MD Financial Management Inc. now owns 16,926 shares of the scientific and technical instruments company’s stock valued at $3,495,000 after purchasing an additional 66 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Keysight Technologies by 2.8% during the first quarter. Los Angeles Capital Management LLC now owns 2,859 shares of the scientific and technical instruments company’s stock valued at $452,000 after purchasing an additional 77 shares during the last quarter. Mutual Advisors LLC lifted its position in Keysight Technologies by 3.2% during the fourth quarter. Mutual Advisors LLC now owns 2,545 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 78 shares during the last quarter. TCI Wealth Advisors Inc. lifted its position in Keysight Technologies by 82.1% during the first quarter. TCI Wealth Advisors Inc. now owns 173 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 78 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in Keysight Technologies by 2.2% during the first quarter. NorthCrest Asset Manangement LLC now owns 3,720 shares of the scientific and technical instruments company’s stock valued at $588,000 after purchasing an additional 80 shares during the last quarter. 81.87% of the stock is currently owned by institutional investors.

Keysight Technologies Stock Down 0.1 %

Shares of NYSE KEYS opened at $165.43 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. Keysight Technologies, Inc. has a 52 week low of $127.93 and a 52 week high of $209.08. The firm’s fifty day moving average is $162.23 and its 200 day moving average is $151.04. The company has a market cap of $29.58 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.19 and a beta of 1.09.

Keysight Technologies (NYSE:KEYSGet Rating) last issued its quarterly earnings data on Wednesday, August 17th. The scientific and technical instruments company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.24. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. Keysight Technologies had a net margin of 21.00% and a return on equity of 32.13%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 EPS. On average, equities research analysts expect that Keysight Technologies, Inc. will post 6.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KEYS shares. Morgan Stanley lifted their target price on shares of Keysight Technologies from $168.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Keysight Technologies from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Robert W. Baird boosted their price objective on shares of Keysight Technologies from $169.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Citigroup boosted their price objective on shares of Keysight Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Finally, Bank of America boosted their price objective on shares of Keysight Technologies from $155.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, August 19th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies currently has an average rating of “Moderate Buy” and an average target price of $196.23.

Insider Buying and Selling at Keysight Technologies

In related news, Director Kevin A. Stephens acquired 500 shares of Keysight Technologies stock in a transaction on Thursday, June 30th. The shares were acquired at an average cost of $136.91 per share, with a total value of $68,455.00. Following the transaction, the director now owns 3,626 shares in the company, valued at $496,435.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

About Keysight Technologies

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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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

Further Reading

Institutional Ownership by Quarter for Keysight Technologies (NYSE:KEYS)

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