DAVENPORT & Co LLC Reduces Position in Keysight Technologies Inc. (NYSE:KEYS)

DAVENPORT & Co LLC trimmed its stake in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,385 shares of the scientific and technical instruments company's stock after selling 1,774 shares during the quarter. DAVENPORT & Co LLC's holdings in Keysight Technologies were worth $4,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division increased its position in Keysight Technologies by 97.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 182 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 90 shares in 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 worth $44,000 after buying an additional 191 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Keysight Technologies in the first quarter valued at approximately $51,000. Quarry LP raised its position in shares of Keysight Technologies by 188.1% in 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. Finally, ORG Wealth Partners LLC purchased a new position in shares of Keysight Technologies during the first quarter valued at approximately $73,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KEYS shares. Morgan Stanley boosted 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. Bank of America upped their target price on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on Keysight Technologies from $172.00 to $177.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen downgraded shares of Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $183.00.

Keysight Technologies Stock Performance

NYSE KEYS opened at $158.39 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.75. Keysight Technologies Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The firm has a market capitalization of $27.26 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.25 and a beta of 1.09. The business's 50-day simple moving average is $158.68 and its 200-day simple moving average is $158.86.

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 EPS for the quarter, beating 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 firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $1.41 earnings per share. Keysight Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, CEO Satish Dhanasekaran sold 658 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $157.78, for a total value of $103,819.24. Following the completion of the transaction, the chief executive officer owned 115,576 shares in the company, valued at $18,235,581.28. This represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Page sold 7,368 shares of the stock in a transaction that occurred on 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 sale, the senior vice president directly owned 36,986 shares of the company's stock, valued at $5,835,651.08. This trade represents a 16.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,830 shares of company stock valued at $5,124,049 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Company 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.

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