Bank of New York Mellon Corp Decreases Stock Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Bank of New York Mellon Corp cut its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,056,604 shares of the scientific and technical instruments company's stock after selling 32,758 shares during the period. Bank of New York Mellon Corp owned 0.61% of Keysight Technologies worth $158,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division lifted its holdings in shares of Keysight Technologies by 97.8% in the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Private Trust Co. NA lifted its stake in Keysight Technologies by 39.9% in the 1st quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after purchasing an additional 75 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Keysight Technologies by 241.8% in the fourth quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after buying an additional 191 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Keysight Technologies during the first quarter worth $51,000. Finally, Quarry LP increased its holdings in shares of Keysight Technologies by 188.1% during the fourth quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock worth $70,000 after buying an additional 284 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company's stock.

Analysts Set New Price Targets

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

Keysight Technologies Stock Performance

Shares of KEYS traded up $1.59 during trading hours on Thursday, hitting $165.49. The company's stock had a trading volume of 245,299 shares, compared to its average volume of 1,098,847. The company has a market cap of $28.48 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 2.23 and a beta of 1.09. 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 business has a 50 day simple moving average of $160.09 and a two-hundred day simple moving average of $158.85. Keysight Technologies Inc. has a 52-week low of $119.72 and a 52-week high of $186.20.

Keysight Technologies (NYSE:KEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (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 firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The company's revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts expect that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, CFO Neil Dougherty sold 12,215 shares of Keysight Technologies stock in a transaction on Monday, June 30th. The stock was sold at an average price of $164.60, for a total transaction of $2,010,589.00. Following the completion of the transaction, the chief financial officer owned 115,228 shares in the company, valued at approximately $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satish Dhanasekaran sold 658 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total value of $103,819.24. Following the sale, the chief executive officer owned 115,576 shares in the company, valued at approximately $18,235,581.28. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,830 shares of company stock valued at $5,124,049 in the last ninety days. Insiders own 0.61% of the company's stock.

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.