Jensen Investment Management Inc. Has $5.06 Million Stock Holdings in Keysight Technologies Inc. (NYSE:KEYS)

Key Points

• Jensen Investment Management Inc. reduced its stake in Keysight Technologies Inc. by 13.4%, now holding 33,800 shares worth approximately $5.06 million.
• Multiple institutional investors, including Central Pacific Bank Trust Division and Manchester Capital Management LLC, have significantly increased their positions in Keysight Technologies in the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with price targets being raised to as high as $200.00 from various firms, reflecting optimism about the company's future performance.

Jensen Investment Management Inc. trimmed its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 13.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,800 shares of the scientific and technical instruments company's stock after selling 5,210 shares during the period. Jensen Investment Management Inc.'s holdings in Keysight Technologies were worth $5,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in KEYS. Central Pacific Bank Trust Division lifted its stake in shares of Keysight Technologies by 97.8% in 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 in the last quarter. Accent Capital Management LLC bought a new position in shares of Keysight Technologies during the first quarter valued at about $28,000. Manchester Capital Management LLC lifted its position in shares of Keysight Technologies by 85.0% during the first quarter. Manchester Capital Management LLC now owns 235 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 108 shares in the last quarter. Private Trust Co. NA lifted its position 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 purchasing an additional 75 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position 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 purchasing an additional 191 shares in the last quarter. 84.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on KEYS. Morgan Stanley raised their price target on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price target on shares of Keysight Technologies from $177.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Bank of America raised shares of Keysight Technologies from an "underperform" rating to a "neutral" rating and raised their price target for the company from $170.00 to $175.00 in a research report on Monday, July 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $187.50.

Keysight Technologies Stock Performance

NYSE KEYS opened at $161.41 on Wednesday. Keysight Technologies Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. The company has a 50-day simple moving average of $162.42 and a 200 day simple moving average of $158.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 3.39. The company has a market capitalization of $27.78 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.11.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $1.41 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Keysight Technologies Inc. will post 6.32 EPS for the current year.

Insider Buying and Selling at Keysight Technologies

In other news, CFO Neil Dougherty sold 12,215 shares of Keysight Technologies stock in a transaction dated Monday, June 30th. The shares were 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 owned 115,228 shares in the company, valued at $18,966,528.80. This trade represents a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Page sold 7,368 shares of Keysight Technologies stock in a transaction dated Friday, May 30th. The stock was 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. The trade was 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 in the last three months. 0.61% of the stock is owned by corporate insiders.

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.

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