SVB Wealth LLC Sells 16,037 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

SVB Wealth LLC lowered its holdings in shares of Keysight Technologies, Inc. (NYSE:KEYS) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,049 shares of the scientific and technical instruments company’s stock after selling 16,037 shares during the quarter. SVB Wealth LLC’s holdings in Keysight Technologies were worth $7,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KEYS. Vanguard Group Inc. grew its holdings in Keysight Technologies by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock valued at $3,214,409,000 after purchasing an additional 153,857 shares during the last quarter. State Street Corp grew its position in Keysight Technologies by 2.8% in the 1st quarter. State Street Corp now owns 7,878,549 shares of the scientific and technical instruments company’s stock valued at $1,272,228,000 after acquiring an additional 216,086 shares during the last quarter. JPMorgan Chase & Co. grew its position in Keysight Technologies by 7.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,264,113 shares of the scientific and technical instruments company’s stock valued at $688,569,000 after acquiring an additional 302,273 shares during the last quarter. Mackenzie Financial Corp grew its position in Keysight Technologies by 3.6% in the 3rd quarter. Mackenzie Financial Corp now owns 3,912,631 shares of the scientific and technical instruments company’s stock valued at $513,728,000 after acquiring an additional 136,818 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Keysight Technologies by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 3,681,799 shares of the scientific and technical instruments company’s stock valued at $593,185,000 after acquiring an additional 66,008 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Price Performance

KEYS opened at $151.62 on Wednesday. Keysight Technologies, Inc. has a 12-month low of $118.57 and a 12-month high of $172.72. The business’s fifty day simple moving average is $154.50 and its 200-day simple moving average is $145.97. The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 6.95 and a beta of 1.05. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.

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

Insider Activity at Keysight Technologies

In related news, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays upped their price objective on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research 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, Citigroup upped their price objective on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Keysight Technologies presently has an average rating of “Hold” and an average price target of $160.63.

Keysight Technologies 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.