Kornitzer Capital Management Inc. KS Sells 31,000 Shares of Keysight Technologies Inc. (NYSE:KEYS)

Kornitzer Capital Management Inc. KS decreased its position in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 62.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,699 shares of the scientific and technical instruments company's stock after selling 31,000 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Keysight Technologies were worth $2,801,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KEYS. Wealthfront Advisers LLC raised its holdings in shares of Keysight Technologies by 11.8% in the 1st quarter. Wealthfront Advisers LLC now owns 11,141 shares of the scientific and technical instruments company's stock valued at $1,669,000 after acquiring an additional 1,175 shares in the last quarter. Signaturefd LLC grew its position in shares of Keysight Technologies by 10.6% in the 1st quarter. Signaturefd LLC now owns 2,666 shares of the scientific and technical instruments company's stock worth $399,000 after buying an additional 256 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Keysight Technologies in the 1st quarter valued at approximately $737,000. CWM LLC lifted its stake in shares of Keysight Technologies by 9.6% in the 1st quarter. CWM LLC now owns 6,575 shares of the scientific and technical instruments company's stock valued at $985,000 after purchasing an additional 574 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in Keysight Technologies by 6.9% during the first quarter. Stephens Investment Management Group LLC now owns 73,754 shares of the scientific and technical instruments company's stock valued at $11,046,000 after buying an additional 4,744 shares during the last quarter. Institutional investors own 84.58% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on KEYS shares. Bank of America lifted their price objective on Keysight Technologies from $165.00 to $170.00 and gave the stock an "underperform" rating in a report on Thursday, May 22nd. Morgan Stanley upped their price objective on Keysight Technologies from $156.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. upped their price objective on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Wall Street Zen downgraded Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $185.56.

Keysight Technologies Stock Down 0.3%

NYSE:KEYS traded down $0.46 during trading hours on Friday, hitting $162.60. The company's stock had a trading volume of 149,071 shares, compared to its average volume of 1,088,416. The company has a current ratio of 3.39, a quick ratio of 2.75 and a debt-to-equity ratio of 0.46. Keysight Technologies Inc. has a 52-week low of $119.72 and a 52-week high of $186.20. The stock has a market capitalization of $27.99 billion, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09. The stock has a fifty day moving average of $161.84 and a 200-day moving average of $158.83.

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

Insider Buying and Selling at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,589 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $162.00, for a total value of $257,418.00. Following the completion of the sale, the director owned 42,160 shares of the company's stock, valued at approximately $6,829,920. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ingrid A. Estrada sold 10,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $17,262,552.30. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,830 shares of company stock worth $5,124,049. Corporate insiders own 0.61% of the company's stock.

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.