Envestnet Asset Management Inc. Trims Stake in Keysight Technologies Inc. (NYSE:KEYS)

Envestnet Asset Management Inc. reduced its holdings in Keysight Technologies Inc. (NYSE:KEYS - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 404,275 shares of the scientific and technical instruments company's stock after selling 12,355 shares during the quarter. Envestnet Asset Management Inc. owned about 0.23% of Keysight Technologies worth $60,548,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KEYS. Kovitz Investment Group Partners LLC increased its holdings in Keysight Technologies by 364.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company's stock worth $747,301,000 after purchasing an additional 3,650,953 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 acquiring an additional 3,621,349 shares during the period. Norges Bank acquired a new stake in Keysight Technologies in the fourth quarter valued at approximately $320,707,000. Point72 Asset Management L.P. grew its stake in 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 valued at $161,946,000 after acquiring an additional 780,893 shares during the period. Finally, GAMMA Investing LLC grew its stake in Keysight Technologies by 36,268.6% in the first quarter. GAMMA Investing LLC now owns 750,647 shares of the scientific and technical instruments company's stock valued at $112,424,000 after acquiring an additional 748,583 shares during the period. 84.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KEYS shares. Bank of America raised their price objective 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. raised their price objective on 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 cut Keysight Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, Morgan Stanley raised their target price on Keysight Technologies from $156.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Keysight Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $183.00.

Insider Buying and Selling

In other news, SVP Ingrid A. Estrada sold 10,000 shares of Keysight Technologies stock in a transaction on Friday, June 20th. The stock was sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the transaction, the senior vice president directly owned 108,590 shares in the company, valued at approximately $17,262,552.30. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil Dougherty sold 12,215 shares of Keysight Technologies stock in a transaction on 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 of the company's stock, valued at approximately $18,966,528.80. This trade represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock valued at $5,124,049 in the last 90 days. Corporate insiders own 0.61% of the company's stock.

Keysight Technologies Stock Performance

Keysight Technologies stock traded down $1.14 during mid-day trading on Friday, reaching $163.70. 734,181 shares of the company's stock were exchanged, compared to its average volume of 1,100,899. The business's fifty day simple moving average is $160.78 and its 200 day simple moving average is $158.86. The firm has a market capitalization of $28.17 billion, a PE ratio of 38.43, a P/E/G ratio of 2.24 and a beta of 1.09. Keysight Technologies Inc. has a one year low of $119.72 and a one year high of $186.20. The company has a quick ratio of 2.75, a current ratio of 3.39 and a debt-to-equity ratio of 0.46.

Keysight Technologies (NYSE:KEYS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Keysight Technologies had a return on equity of 19.65% and a net margin of 14.50%. The business's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 earnings per share. On average, sell-side analysts expect that Keysight Technologies Inc. will post 6.32 earnings per share 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.