Federated Hermes Inc. Sells 29,947 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Federated Hermes Inc. decreased its position in Keysight Technologies, Inc. (NYSE:KEYS) by 73.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,764 shares of the scientific and technical instruments company’s stock after selling 29,947 shares during the quarter. Federated Hermes Inc.’s holdings in Keysight Technologies were worth $1,712,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Ancora Advisors LLC purchased a new stake in shares of Keysight Technologies during the 3rd quarter valued at about $25,000. OFI Invest Asset Management bought a new stake in shares of Keysight Technologies in the 3rd quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its holdings in shares of Keysight Technologies by 145.9% in the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 159 shares during the period. BluePath Capital Management LLC bought a new position in shares of Keysight Technologies during the 3rd quarter valued at approximately $44,000. Finally, Itau Unibanco Holding S.A. raised its holdings in Keysight Technologies by 31.5% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock valued at $45,000 after buying an additional 82 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $150.17 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The stock has a market cap of $26.21 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 6.73 and a beta of 1.05. The firm has a 50-day moving average of $152.76 and a two-hundred day moving average of $147.00. Keysight Technologies, Inc. has a 1 year low of $118.57 and a 1 year high of $172.72.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The company’s revenue was down 8.8% on a year-over-year basis. On average, research analysts forecast that Keysight Technologies, Inc. will post 5.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays lifted their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Citigroup upped their price target on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Keysight Technologies currently has a consensus rating of “Hold” and a consensus price target of $160.63.

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.