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

Bank of New York Mellon Corp reduced its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and 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 quarter. Bank of New York Mellon Corp owned 0.61% of Keysight Technologies worth $158,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division grew its stake in shares of Keysight Technologies by 97.8% in the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Private Trust Co. NA grew its stake in shares of 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. grew its stake in shares of Keysight Technologies by 241.8% in the 4th quarter. Sunbelt Securities Inc. now owns 270 shares of the scientific and technical instruments company's stock valued at $44,000 after purchasing an additional 191 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Keysight Technologies in the 1st quarter valued at approximately $51,000. Finally, Quarry LP lifted its holdings in shares of Keysight Technologies by 188.1% in the 4th quarter. Quarry LP now owns 435 shares of the scientific and technical instruments company's stock valued at $70,000 after buying an additional 284 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KEYS has been the subject of several recent analyst reports. Wall Street Zen cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley raised their price target on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price target on Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Bank of America raised their price target on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Keysight Technologies Price Performance

KEYS stock traded down $0.43 during midday trading on Friday, hitting $164.41. 55,429 shares of the stock were exchanged, compared to its average volume of 1,096,867. The stock's 50-day moving average price is $160.47 and its 200-day moving average price is $158.86. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 2.23 and a beta of 1.09. Keysight Technologies Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $186.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39.

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

Insider Buying and Selling

In other news, CFO Neil Dougherty sold 12,215 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $164.60, for a total value of $2,010,589.00. Following the completion of the transaction, the chief financial officer directly owned 115,228 shares of the company's stock, valued at $18,966,528.80. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction on 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 directly owned 42,160 shares of the company's stock, valued at approximately $6,829,920. This represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,830 shares of company stock valued at $5,124,049. Company insiders own 0.61% of the company's stock.

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.