Keysight Technologies, Inc. (NYSE:KEYS) Stock Position Lessened by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,015 shares of the scientific and technical instruments company’s stock after selling 103 shares during the quarter. Truist Financial Corp’s holdings in Keysight Technologies were worth $4,139,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KEYS. Trust Investment Advisors increased its position in shares of Keysight Technologies by 1.8% during the 4th quarter. Trust Investment Advisors now owns 4,172 shares of the scientific and technical instruments company’s stock valued at $664,000 after purchasing an additional 75 shares during the period. Itau Unibanco Holding S.A. raised its position in Keysight Technologies by 31.5% in the third quarter. Itau Unibanco Holding S.A. now owns 342 shares of the scientific and technical instruments company’s stock worth $45,000 after acquiring an additional 82 shares in the last quarter. Guinness Asset Management LTD raised its position in Keysight Technologies by 2.8% in the third quarter. Guinness Asset Management LTD now owns 3,192 shares of the scientific and technical instruments company’s stock worth $422,000 after acquiring an additional 88 shares in the last quarter. Princeton Capital Management LLC lifted its holdings in Keysight Technologies by 1.6% in the 3rd quarter. Princeton Capital Management LLC now owns 6,488 shares of the scientific and technical instruments company’s stock valued at $858,000 after acquiring an additional 104 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in shares of Keysight Technologies by 7.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 1,603 shares of the scientific and technical instruments company’s stock valued at $212,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Keysight Technologies Price Performance

Shares of NYSE:KEYS opened at $150.53 on Tuesday. The company’s fifty day moving average is $152.56 and its two-hundred day moving average is $147.70. The company has a market cap of $26.28 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 6.76 and a beta of 1.06. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72. The company has a quick ratio of 1.44, a current ratio of 1.93 and a debt-to-equity ratio of 0.25.

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 return on equity of 26.84% and a net margin of 18.14%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. Keysight Technologies’s quarterly revenue was down 8.8% on a year-over-year basis. Equities analysts expect that Keysight Technologies, Inc. will post 5.4 earnings per share for the current fiscal year.

Insider Transactions at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

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