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

Bank of New York Mellon Corp lessened its stake in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F 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 about 0.61% of Keysight Technologies worth $158,248,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KEYS. Victory Capital Management Inc. lifted its position in shares of Keysight Technologies by 6.8% during the 4th quarter. Victory Capital Management Inc. now owns 150,390 shares of the scientific and technical instruments company's stock worth $24,157,000 after buying an additional 9,626 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Keysight Technologies by 50.4% during the fourth quarter. Atria Investments Inc now owns 10,837 shares of the scientific and technical instruments company's stock worth $1,741,000 after purchasing an additional 3,631 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Keysight Technologies during the fourth quarter worth about $14,785,000. Raymond James Financial Inc. purchased a new position in shares of Keysight Technologies during the fourth quarter worth about $58,367,000. Finally, Callan Family Office LLC purchased a new position in shares of Keysight Technologies during the fourth quarter worth about $558,000. Hedge funds and other institutional investors own 84.58% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America boosted their price objective on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. Morgan Stanley boosted their price objective on Keysight Technologies from $156.00 to $180.00 and gave the company 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 report on Saturday, March 22nd. Finally, JPMorgan Chase & Co. raised 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. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $183.00.

Keysight Technologies Stock Performance

NYSE KEYS traded down $1.14 during trading hours on Friday, hitting $163.70. 734,181 shares of the stock were exchanged, compared to its average volume of 1,100,899. The company has a market cap of $28.17 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. Keysight Technologies Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The stock has a 50-day moving average of $160.78 and a 200 day moving average of $158.86. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating 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 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 previous year, the business earned $1.41 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that Keysight Technologies Inc. will post 6.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Ingrid A. Estrada sold 10,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the senior vice president owned 108,590 shares in the company, valued at $17,262,552.30. This trade represents a 8.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Page sold 7,368 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $1,162,523.04. Following the completion of the transaction, the senior vice president owned 36,986 shares of the company's stock, valued at $5,835,651.08. This represents a 16.61% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,830 shares of company stock worth $5,124,049. 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.