Keysight Technologies Inc. (NYSE:KEYS) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its position in shares of Keysight Technologies Inc. (NYSE:KEYS) by 32.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 846 shares of the scientific and technical instruments company’s stock after selling 404 shares during the quarter. Penserra Capital Management LLC’s holdings in Keysight Technologies were worth $126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its position in Keysight Technologies by 26.8% during the first quarter. Concurrent Investment Advisors LLC now owns 10,700 shares of the scientific and technical instruments company’s stock valued at $1,603,000 after buying an additional 2,260 shares during the period. Impax Asset Management Group plc grew its position in Keysight Technologies by 3.6% during the first quarter. Impax Asset Management Group plc now owns 8,129 shares of the scientific and technical instruments company’s stock valued at $1,217,000 after buying an additional 279 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Keysight Technologies during the first quarter valued at $79,000. Nichols & Pratt Advisers LLP MA grew its position in shares of Keysight Technologies by 34.0% in the first quarter. Nichols & Pratt Advisers LLP MA now owns 9,880 shares of the scientific and technical instruments company’s stock valued at $1,480,000 after purchasing an additional 2,505 shares during the period. Finally, Huntleigh Advisors Inc. grew its position in shares of Keysight Technologies by 2.7% in the first quarter. Huntleigh Advisors Inc. now owns 11,276 shares of the scientific and technical instruments company’s stock valued at $1,689,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, CFO Neil Dougherty sold 12,215 shares of Keysight Technologies stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the completion of the sale, the chief financial officer directly owned 115,228 shares in the company, valued at $18,966,528.80. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total transaction of $257,418.00. Following the sale, the director owned 42,160 shares of the company’s stock, valued at approximately $6,829,920. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,830 shares of company stock valued at $5,124,049. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KEYS shares. JPMorgan Chase & Co. lifted their target price on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Morgan Stanley raised their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. Wall Street Zen downgraded shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, Bank of America raised their price target on shares of Keysight Technologies from $165.00 to $170.00 and gave the stock an “underperform” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $183.00.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $163.70 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. The firm’s 50-day moving average is $160.78 and its two-hundred day moving average is $158.83. Keysight Technologies Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a market capitalization of $28.17 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.23 and a beta of 1.09.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. Keysight Technologies’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

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.