Confluence Investment Management LLC Sells 3,805 Shares of Keysight Technologies, Inc. (NYSE:KEYS)

Confluence Investment Management LLC lowered its holdings in Keysight Technologies, Inc. (NYSE:KEYS - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 334,196 shares of the scientific and technical instruments company's stock after selling 3,805 shares during the period. Confluence Investment Management LLC owned about 0.19% of Keysight Technologies worth $50,053,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased its stake in shares of Keysight Technologies by 28.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 856 shares of the scientific and technical instruments company's stock valued at $128,000 after purchasing an additional 192 shares during the period. Wellington Management Group LLP increased its stake in shares of Keysight Technologies by 35.8% in the fourth quarter. Wellington Management Group LLP now owns 16,039 shares of the scientific and technical instruments company's stock valued at $2,576,000 after purchasing an additional 4,228 shares during the period. 111 Capital acquired a new stake in shares of Keysight Technologies in the fourth quarter valued at approximately $1,524,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Keysight Technologies by 9.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,624 shares of the scientific and technical instruments company's stock valued at $1,707,000 after purchasing an additional 888 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Keysight Technologies in the fourth quarter valued at approximately $9,336,000. Institutional investors own 84.58% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. raised their price objective on shares of Keysight Technologies from $172.00 to $177.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Wall Street Zen lowered shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, Bank of America raised their price objective on shares of Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to MarketBeat, Keysight Technologies has an average rating of "Moderate Buy" and an average price target of $183.00.

Keysight Technologies Price Performance

NYSE:KEYS traded down $1.62 during trading hours on Friday, reaching $157.04. 2,098,192 shares of the company's stock were exchanged, compared to its average volume of 1,140,644. The company has a market capitalization of $27.14 billion, a P/E ratio of 44.87, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. Keysight Technologies, Inc. has a 12 month low of $119.72 and a 12 month high of $186.20. The company has a quick ratio of 2.27, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $147.80 and its two-hundred day simple moving average is $159.60.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business posted $1.41 EPS. The company's revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Keysight Technologies, Inc. will post 6.32 EPS for the current fiscal year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, 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 transaction of $257,418.00. Following the completion of the sale, the director now owns 42,160 shares of the company's stock, valued at $6,829,920. This trade represents a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Neil Dougherty sold 3,632 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $155.00, for a total transaction of $562,960.00. Following the completion of the transaction, the chief financial officer now directly owns 115,063 shares in the company, valued at $17,834,765. This trade represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

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.