Keysight Technologies Inc. (NYSE:KEYS) Holdings Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 45.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 367,975 shares of the scientific and technical instruments company's stock after selling 305,897 shares during the quarter. Los Angeles Capital Management LLC owned 0.21% of Keysight Technologies worth $55,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its stake in Keysight Technologies by 364.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock valued at $747,301,000 after buying an additional 3,650,953 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Keysight Technologies by 29.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company's stock valued at $2,588,546,000 after buying an additional 3,621,349 shares during the period. Norges Bank acquired a new position in Keysight Technologies in the fourth quarter valued at about $320,707,000. Victory Capital Management Inc. increased its holdings in shares of Keysight Technologies by 1,224.5% in the first quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company's stock worth $298,324,000 after acquiring an additional 1,841,494 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Keysight Technologies by 343.6% in the fourth quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company's stock worth $161,946,000 after acquiring an additional 780,893 shares in the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KEYS has been the subject of several recent research reports. Bank of America increased their price target on Keysight Technologies from $165.00 to $170.00 and gave the company an "underperform" rating in a research report on Thursday, May 22nd. Morgan Stanley raised 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. Wall Street Zen lowered Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Keysight Technologies from $177.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $185.56.

Insider Buying and Selling

In related news, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies stock in a transaction that occurred 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 transaction, the senior vice president directly owned 108,590 shares of the company's stock, valued at $17,262,552.30. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard P. Hamada sold 1,589 shares of Keysight Technologies stock in a transaction that occurred 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 transaction, the director directly owned 42,160 shares in the company, valued at approximately $6,829,920. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,830 shares of company stock worth $5,124,049 over the last three months. 0.61% of the stock is currently owned by company insiders.

Keysight Technologies Price Performance

Shares of KEYS opened at $162.42 on Friday. 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 has a market cap of $27.95 billion, a PE ratio of 38.13, a P/E/G ratio of 2.21 and a beta of 1.09. Keysight Technologies Inc. has a 1-year low of $119.72 and a 1-year high of $186.20. The firm has a fifty day simple moving average of $162.01 and a two-hundred day simple moving average of $158.83.

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 the consensus estimate of $1.65 by $0.05. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $1.41 EPS. Keysight Technologies's revenue was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current year.

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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