Cerity Partners LLC Cuts Position in Keysight Technologies Inc. (NYSE:KEYS)

Cerity Partners LLC lessened its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 22.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,567 shares of the scientific and technical instruments company's stock after selling 3,707 shares during the quarter. Cerity Partners LLC's holdings in Keysight Technologies were worth $1,882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KEYS. Central Pacific Bank Trust Division grew its holdings in shares of Keysight Technologies by 97.8% during the first quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 90 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Keysight Technologies by 39.9% during the first quarter. Private Trust Co. NA now owns 263 shares of the scientific and technical instruments company's stock valued at $39,000 after buying an additional 75 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Keysight Technologies by 241.8% during 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 during the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Keysight Technologies during the first quarter valued at approximately $51,000. Finally, Quarry LP grew 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 valued at $70,000 after buying an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 84.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KEYS shares. Morgan Stanley increased their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Bank of America increased their price target on shares of 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 $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $185.56.

Insiders Place Their Bets

In other news, SVP Ingrid A. Estrada sold 10,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the sale, the senior vice president directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satish Dhanasekaran sold 658 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $157.78, for a total transaction of $103,819.24. Following the sale, the chief executive officer owned 115,576 shares in the company, valued at $18,235,581.28. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,830 shares of company stock valued at $5,124,049. 0.61% of the stock is currently owned by corporate insiders.

Keysight Technologies Trading Down 0.4%

Shares of KEYS stock opened at $162.42 on Monday. Keysight Technologies Inc. has a 12-month low of $119.72 and a 12-month high of $186.20. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. The firm's 50 day moving average is $162.01 and its 200 day moving average is $158.82. The stock has a market capitalization of $27.95 billion, a P/E ratio of 38.13, a P/E/G ratio of 2.21 and a beta of 1.09.

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 the consensus estimate of $1.65 by $0.05. Keysight Technologies had a net margin of 14.50% and a return on equity of 19.65%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm earned $1.41 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. Research analysts expect that Keysight Technologies Inc. will post 6.32 earnings per share for the current 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.

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