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

Bank of New York Mellon Corp cut its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.61% of Keysight Technologies worth $158,248,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Praxis Investment Management Inc. boosted its position in Keysight Technologies by 45.8% in the 1st quarter. Praxis Investment Management Inc. now owns 6,371 shares of the scientific and technical instruments company's stock valued at $954,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Keysight Technologies by 142.8% in the 1st quarter. GAMMA Investing LLC now owns 5,012 shares of the scientific and technical instruments company's stock worth $751,000 after buying an additional 2,948 shares during the period. True Link Financial Advisors LLC bought a new position in shares of Keysight Technologies during the 1st quarter worth $351,000. Exchange Traded Concepts LLC increased its stake in shares of Keysight Technologies by 18.9% during the first quarter. Exchange Traded Concepts LLC now owns 1,752 shares of the scientific and technical instruments company's stock valued at $262,000 after buying an additional 279 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Keysight Technologies by 3.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 52,174 shares of the scientific and technical instruments company's stock valued at $7,828,000 after acquiring an additional 1,635 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Insider Buying and Selling at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,589 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Page sold 7,368 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $1,162,523.04. Following the sale, the senior vice president directly owned 36,986 shares of the company's stock, valued at approximately $5,835,651.08. This trade represents a 16.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,830 shares of company stock worth $5,124,049. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Keysight Technologies Price Performance

KEYS traded up $0.22 during midday trading on Wednesday, hitting $163.73. 748,542 shares of the company traded hands, compared to its average volume of 1,102,124. The company has a market capitalization of $28.18 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.23 and a beta of 1.09. The business has a 50 day simple moving average of $160.09 and a two-hundred day simple moving average of $158.85. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. 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 released its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 earnings per share. On average, equities analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current fiscal 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.